Giving a summary of the company’s financial statement, a SIA press release said that the SGD 2.8 billion net profit was “boosted by the one-off non-cash accounting gain of SGD 1.1 billion from the Air India-Vistara merger”.
Tag: Air India Vistara Merger
Singapore Airlines to inject USD 378 million into Air India post Vistara merger
Vistara, which seized its operations with its last international flight to Singapore on Tuesday midnight, was a joint venture between India’s Tata Group and the Singapore Airlines. It had commenced operations on January 9, 2015.
