Air India-Vistara merger receives approval from Indian competition commission

Air India-Vistara merger receives approval from Indian competition commission

By Author

Published on November 12, 2023

Singapore Airlines has confirmed that the proposed merger between Air India and Vistara is still on track, pending approvals from regulators and competition authorities in various jurisdictions. This merger, which has already received approval from the Competition Commission of India, will position Singapore Airlines with a 25.1% stake in the enlarged Air India Group, allowing them to tap into India's growing aviation market.

Currently, Singapore Airlines holds a 49% shareholding in Vistara, while the Tata Group owns the remaining 51% stake. The merger is awaiting foreign direct investment approval, as well as clearance from regulators such as India's Directorate General of Civil Aviation, Ministry of Civil Aviation, National Company Law Tribunal, and the Competition and Consumer Commission of Singapore.

Once the merger is complete, Singapore Airlines will have a significant presence in all key Indian airline market segments and benefit from the rapid growth of India's civil aviation market. Air India, which was acquired by the Tata Group in January 2022, has been implementing an ambitious revival and expansion plan.

During the first half of the 2023-24 fiscal year, Singapore Airlines Group reported an impressive 55.4% increase in net profit to SGD 1,441 million, compared to USD 927 million in the same period the previous year. Total revenue also witnessed growth, rising 8.9% to SGD 9,162 million from SGD 8,417 million.

As of September 30, the airline group had a fleet of 202 aircraft, including both passenger aircraft and freighters. SIA's operating fleet consisted of 140 passenger aircraft and 7 freighters, while Scoot, its non-frill carrier, had 55 passenger aircraft. Additionally, the Group has 96 aircraft on order.

Singapore Airlines reported a continued robust demand for air travel, particularly in the Northern Summer travel season, with passenger traffic rebounding in North Asia after the reopening of China, Hong Kong SAR, Japan, and Taiwan. In the first six months of the current fiscal year, SIA and Scoot carried 17.4 million passengers, marking a remarkable 52.3% year-on-year increase.

Looking ahead, SIA plans to ramp up services across its network for the Northern Summer 2024 operating season, including the restoration of Airbus A380 services to Frankfurt, deploying widebody Airbus A350-900 medium-haul aircraft to Cairns and Male, and reinstating direct services between Singapore and Barcelona. Flight frequencies to several destinations will also be increased, aiming to exceed pre-pandemic levels.

However, the demand for air freight has remained soft due to inventory overhang and challenging geopolitical and macroeconomic conditions. Increased competition and softer demand have contributed to a 46.2% decrease in cargo yields compared to the previous year.

The Air India-Vistara merger is expected to strengthen both airlines' positions in the Indian aviation market, while Singapore Airlines seeks to benefit from the opportunities presented by India's growing air travel demand.


Maldives Partners with Mumbai Indians as Official Tourist Destination

Maldives Partners with Mumbai Indians as Official Tourist Destination

By Nishang Narayan

Published on March 22, 2025

The Maldives Marketing and Public Relations Corporation (MMPRC) has announced a groundbreaking partnership with Mumbai Indians, making the Maldives the Official Tourist Destination Partner for the 2025 cricket season. This marks Visit Maldives’ first collaboration of this kind in India, emphasizing the country’s commitment to strengthening its position as a top travel destination for Indian tourists.

Cricket & Tourism: A Winning Partnership

With Mumbai Indians being one of the most successful and widely followed cricket teams in the Indian Premier League (IPL), this partnership presents a unique opportunity to engage millions of Indian cricket fans. Given that India remains one of the top source markets for Maldivian tourism, the collaboration is expected to drive substantial growth in Indian tourist arrivals, with a target of 200,000 visitors in 2025.

"Cricket has a special place in the hearts of millions, and we believe this collaboration will inspire Indian travellers to choose the Maldives as their ideal getaway," said Mr. Ibrahim Shiuree, CEO & Managing Director of Visit Maldives.

A Mumbai Indians spokesperson echoed the sentiment, stating, "Cricket and holidays are all about creating lasting memories. We are excited to showcase the Maldives to our global fanbase and create new travel experiences for them."

Positioning Maldives as the Ultimate Getaway

Through a mix of digital activations, exclusive experiences, and on-ground events, the Maldives will be promoted as the go-to luxury travel destination for Indian travellers. The country’s pristine beaches, high-end resorts, and seamless connectivity to India make it a top choice for holidaymakers, honeymooners, and adventure seekers alike.

This strategic alliance between Maldives tourism and Mumbai Indians is set to redefine sports-driven travel promotions, further cementing the Maldives’ global appeal as a luxury escape.


Swim with Giants: Four Seasons Maldives Unveils 2025 Manta Hot Dates

Swim with Giants: Four Seasons Maldives Unveils 2025 Manta Hot Dates

By Nishang Narayan

Published on March 18, 2025

What do the moon and manta rays have in common? They both play a crucial role in one of the ocean’s most breathtaking natural spectacles—the mass gathering of manta rays in Baa Atoll’s UNESCO Biosphere Reserve.

Thanks to the groundbreaking research of the Maldives Manta Conservation Programme, based at Four Seasons Resort Maldives at Landaa Giraavaru, travelers now have a scientifically backed chance to witness these gentle giants in action. The team has combined two decades of manta tracking, moon phase analysis, and tidal movements to predict the Manta Hot Dates for 2025—the optimal times when these marine marvels are expected to congregate in vast numbers.

2025 Manta Hot Dates

  • May 10 – 14 | May 25 – 29
  • June 9 – 13 | June 23 – 27
  • July 8 – 12 | July 22 – 26
  • August 7 – 11 | August 21 – 25
  • September 5 – 9 | September 19 – 23
  • October 5 – 9 | October 19 – 23
  • November 3 – 7 | November 18

A Front-Row Seat to the Ocean’s Grand Performance

With over 4,477 manta sightings recorded in 2024—alongside 26 whale sharks and nine devil rays—the waters around Landaa Giraavaru offer an unparalleled marine adventure. Guests visiting during the Manta Hot Dates can join the exclusive Manta Watch experience, which includes:

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Manta-on-Call speedboat safari – Get alerted via a personal phone the moment mantas are sighted nearby.
Dolphin cruise – Witness playful dolphins leaping across the Indian Ocean.
Coral frame propagation – Contribute to marine conservation by helping restore coral reefs.
Round-trip shared seaplane transfers from Velana International Airport.
Daily breakfast at Café Landaa or Blu Restaurant.

For those who prefer spontaneity, the resort’s Manta-on-Call program offers a real-time adventure—guests receive a direct call the moment manta rays are spotted, allowing them to rush to a speedboat and snorkel with these oceanic giants on their terms.

More Than a Spectacle—A Conservation Mission

Since its inception in 2005, the Maldives Manta Conservation Programme has played a vital role in protecting manta rays worldwide. Project Manager Elspeth Strike explains,

“Seeing a guest’s face light up as they spot a manta for the first time is unforgettable. At Landaa Giraavaru, we combine conservation with education—offering managed experiences that allow people to connect with these incredible creatures while helping ensure their future.”

Manta sightings are seasonal and subject to weather conditions and the moods of these gentle giants.

To book your Manta Watch adventure at Four Seasons Maldives at Landaa Giraavaru, click here, email reservations.mal@fourseasons.com, or call +960 66 00 888.


Business Travel Show Asia Pacific to Launch in Singapore This April

Business Travel Show Asia Pacific to Launch in Singapore This April

By Nishang Narayan

Published on March 16, 2025

The Business Travel Show Asia Pacific is set to make its debut in Singapore on April 16-17, 2025, at Marina Bay Sands, uniting over 200 corporate travel buyers from across Asia Pacific, the US, the UK, and Europe with 50+ top-tier exhibitors from the global travel industry. Backed by BTN Group’s 30 years of expertise in corporate travel events, this launch marks a significant milestone for the region’s booming business travel sector.

A World-Class Corporate Travel Event

The Asia Pacific region is the world’s fastest-growing corporate travel market, with spending projected to hit $900 billion this year. Business Travel Show APAC is more than just a trade show—it’s a critical platform for industry professionals to connect, collaborate, and stay ahead in an evolving landscape.

Exhibitors include some of the most influential names in the travel industry, such as Oneworld, Wings, Wego, Amex GBT, BCD, Amex Card, Emburse, and more. The event promises meaningful business meetings, knowledge-sharing sessions, and exclusive networking opportunities for buyers and suppliers alike.

Exclusive Hosted Buyer Programme

Senior corporate travel decision-makers can apply for the hosted buyer programme, which includes:

  • Complimentary travel and accommodation
  • Curated one-on-one meetings with key suppliers
  • VIP access to event sessions and networking lounges

Corporate travel managers and procurement professionals handling business travel programmes are encouraged to register early to secure their spot.

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Expert Panels & Cutting-Edge Industry Insights

Spanning two days, the event features 16 free-to-attend sessions covering:

  • Sustainability in corporate travel
  • Enhancing traveller experience
  • Innovative travel technology
  • Supplier sourcing strategies
  • Cost-cutting and resilience in travel programmes

Speakers from Avis Budget Group, MSD International, IKEA, Rheinmetall, Crisis24, HN Consulting, and Align Tech will share their expertise.

Business Travel Innovation Faceoff & APAC Travel Buyer of the Year Award

For the first time in APAC, the Business Travel Innovation Faceoff will showcase game-changing solutions set to redefine corporate travel. Additionally, the APAC Travel Buyer of the Year Award will honor a regional leader in corporate travel innovation.

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