Singapore Airlines Group has announced that the proposed merger between Air India and Vistara will enhance its multi-hub strategy and enable it to continue participating in the rapidly expanding Indian aviation market. The group posted a net profit of 2,675 million Singapore dollars for the fiscal year 2023-24, a 24% increase, thanks to strong demand for air travel. The merger, which is still awaiting foreign direct investment and other regulatory approvals, would give Singapore Airlines a 25.1% stake in an expanded Air India Group with a strong presence in all key segments of the Indian airline market, including domestic, international, full-service, and low-cost. The Competition and Consumer Commission of Singapore approved the merger in March, and it received conditional approval from the Competition Commission of India in September. The Singapore Airlines Group predicts steady demand for air travel in the first quarter of FY2024/25, with significant bookings to North Asia and Southeast Asia. However, airline industry challenges such as geopolitical tensions, an uncertain global economic climate, supply chain issues, and high inflation in several regions persist.