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Singapore Airlines not to go for M&A, Vistara investments to continue

Fundraising primarily to shore up liquidity of the company

Singapore Airlines
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SIA recently announced to raise $6.2 billion through a convertible bond issue.

Arindam Majumder New Delhi
In a further indication that Singapore Airlines will not join Tata Sons for the bidding of Air India, the company has said that it is not going to go for any merger & acquisition with the fund it has raised and instead will use it to shore up liquidity of the company. This comes as the process for financial bidding of Air India has started. Tata Sons with whom SIA owns and operates Vistara is one of the frontrunners to acquire the state-owned carrier.

The company however will continue to invest in Vistara and said that the airline’s fleet will

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First Published: May 26 2021 | 8:01 PM IST

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