Tata Sons, Singapore Airlines pump in ₹900 crore into Vistara

Date posted: Friday 12 April 2019

India’s Tata Sons Ltd and Singapore Airlines Ltd have infused a combined ₹900 crore in Vistara, their joint venture airline in India, bolstering efforts by the carrier to improve its financial health and take delivery of new planes from Airbus SE and Boeing Co. The proceeds of the rights issue will be mostly used to fund the purchase and lease of 56 aircraft. The money will also help in lowering losses and attaining break-even faster.

(Livemint)