May 2017: SIA’s cumulative investment in Vistara passes S$100 million
SIA had reportedly invested more than S$100 million (US$78.8 million) in Vistara, more than twice its initially planned investment.
April 2018-April 2019: Major expansion funding
Tata and SIA injected a combined 40.2 billion rupees into Vistara over the 12 months to April 2019, raising the airline’s paid-up capital to 56.4 billion rupees.
April 2020-August 2021: COVID-19 pandemic support
During the first seven months of Vistara’s 2020/21 fiscal year, Tata and SIA injected 18.3 billion rupees into the airline to help maintain liquidity during the collapse in air travel caused by the COVID-19 pandemic.
The funds were provided in proportion to their shareholdings.
There were two more publicly reported rounds of funding in May and August 2021, with SIA contributing a combined 5.95 billion rupees across the two rounds.
Based on capital injections disclosed in SIA’s annual reports, the carrier had invested about S$900 million in Vistara by 2023.
January 2022: Tata takes over Air India without SIA
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