Full-service carrier Vistara, a joint venture between Tata Sons Ltd and Singapore Airlines Ltd, has reportedly received a capital infusion of Rs 20 billion from its parent companies, according to a media report.
The latest investment comes at a time when Vistara is planning to expand its operations. With this infusion, Tata Sons Ltd and Singapore Airlines have invested over Rs 38 billion in equity into the joint venture to date, according to Business Standard.
The report said the Rs 20 billion fund infusion will help Vistara in pre-delivery payments to Airbus and Boeing. Read More