Vistara is a joint venture (JV) between TATA Sons and SIA established in 2013. Tata Sons holds a 51% stake in the JV while SIA holds the remaining 49%. Tata Sons is the principal holding company of the Tata Group while Talace is a wholly-owned subsidiary of Tata Sons. Air India is a wholly-owned subsidiary of Talace.
Singapore Airlines (SIA) has received approval from the Indian government for foreign direct investment (FDI) into the enlarged Air India.
On Nov 29, 2022, SIA and its 49%-associated company, Tata SIA Airlines, agreed to merge Air India and Vistara. The agreement was entered into with Tata Sons, Talace and Air India on the same day.
