Full-service carrier Vistara is a joint venture between Tatas and Singapore Airlines, where the latter holds a 49% shareholding.

Singapore Airlines reported a slump in half-year earnings on Friday, reflecting stiff competition and higher costs, but added that it will post a gain of S$1.1 billion ($832.45 million) once the Air India-Vistara merger is completed.

Singapore Airlines Ltd. signaled profitability will remain under pressure despite expected “robust” demand for travel in the second half of the fiscal year, as it reported a slump in profit.