WTF!!!! - India Vistara gets SGD 84.7 million (INR 465 crore) fund infusion from Tata Sons, Singapore Airlines

[Bigbird]

Tata Sons Ltd and Singapore Airlines Ltd announced the infusion of an additional SGD 84.7 million (INR 465 crore) into Vistara

However, during the last few weeks, the number of domestic air passengers per day has come down from the peak of more than 2.2 lakh to around 75,000 currently, according to the Indian civil aviation ministry's data.

 

The airline’s board approved the allotment of 465 million shares of INR 10 each to the two promoters, data from business intelligence unit Tofler showed.

The airline's promoters had slowed down on fund infusion in 2020 as international operations were shut for a large part of the year due to restrictions imposed by the governments to contain the spread of the deadly coronavirus. However, they are now looking at equity injection to expand international operations.

Vistara plans to expand its operation significantly by 2023, which is the primary reason behind the carrier’s aggressive capital infusion moves. The airline has already started flying to London and Tokyo this year and has filed for permission to fly to the US from September.

However, during the last few weeks, the number of domestic air passengers per day has come down from the peak of more than 2.2 lakh to around 75,000 currently, according to the Indian civil aviation ministry's data.

Similarly, international air traffic has also been affected by the second wave of the pandemic.

 

https://www.msn.com/en-in/money/topstories/vistara-gets-fund-infusion-from-tata-sons-singapore-airlines/ar-BB1gJ8Sm

 

[Bigbird]

Sinkies really kanna "Pang Puay Ki"! 

Edited May 18, 2021 by Bigbird

[Satki]

Singapore is like India's ATM

 

I sense something suspicious

 

anyone smell anything?

[The_King]

heng i dont have sia shares

[Homelander]

SIA ownself bo lui...still can inject others...lol

[aaur4man]

[ODACHEK]

So means huat..? SG wanna import more ah nehs to test the vaccines in sg effective anot mah?

[Bigbird]

On 5/18/2021 at 9:05 PM, The_King said:

heng i dont have sia shares

 

On 5/18/2021 at 9:41 PM, Homelander said:

SIA ownself bo lui...still can inject others...lol

 

 

So $$$$ come from where??!!!

[The_King]

6 minutes ago, Bigbird said:

 

 

 

So $$$$ come from where??!!!

who cares, i got no shares.

 

 

[Bigbird]

16 minutes ago, The_King said:

who cares, i got no shares.

 

 

 

SGovernment money comes from where???? 

 

Your FPC, GST, income tax......

[The_King]

3 minutes ago, Bigbird said:

 

SGovernment money comes from where???? 

 

Your FPC, GST, income tax......

me uncle already, not worried

[XianGe]

On 5/18/2021 at 8:46 PM, Satki said:

Singapore is like India's ATM

 

I sense something suspicious

 

anyone smell anything?

Will wp bring this up in next parliament?

[Bigbird]

6 minutes ago, The_King said:

me uncle already, not worried

 

U rich "uncle", poopies will squeeze more $$$$$!!  

[The_King]

11 hours ago, Bigbird said:

 

U rich "uncle", poopies will squeeze more $$$$$!!  

i dont have $$$$$. only off grid style to live