Goh noted. "That's why we had a route JV with Lufthansa well before COVID. We had that with Scandinavian Airlines. We have a very strong route JV with Air New Zealand. All of this is a recognition by us based in Singapore that we are not able to reach all the markets around the world. We need partners to work together so that we can offer greater benefits for all our customers." The company also enhanced its multi-hub strategy, agreeing with Indian company Tata to merge its joint venture Vistara with Air India for a 25.1% stake in the enlarged Air India group post-completion. The merger, for which SIA is hopeful regulatory approval will come in early 2024, would bolster SIA's presence in India, allowing it to continue participating directly in a large and fast-growing aviation market. It will also bring about significant synergies leveraging Air India's valuable slots and air traffic rights at domestic and international airports that are not available to Vistara.
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