Singapore Airlines Pursues Air India Stake to Expand Market Presence

Singapore Airlines Ltd (SIA) said on Thursday it was in talks with India's Tata Group about a potential merger of Vistara, their joint venture airline, with Air India to give the Singaporean carrier a bigger foothold in South Asia. "The discussions seek to deepen the existing partnership between SIA and Tata, and may include a potential integration of Vistara and Air India," SIA said in a statement. It said no definitive terms had been agreed on a deal that would form a more formidable competitor to the country's dominant airline IndiGo as well as Middle Eastern rivals that carry a…