The Competition Commission of India (CCI) on Friday authorized the merger of Air India-Vistara with subject to certain conditions. Taking to X (previously often called Twitter), the CCI stated that it has given a nod to the merger. “CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties,” it added.
Air India- Vistara half of the Tata Group
It ought to be famous right here that Vistara and Air India are full-service carriers which can be half of the Tata Group, and Singapore Airlines holds a 49 per cent stake in Vistara.
In November 2022, Tata Group introduced the merger of Vistara with Air India below a deal whereby Singapore Airlines will even purchase a 25.1 per cent stake in Air India. The deal would mark a significant consolidation in India’s fast-growing aviation house.
What the merger would supply?
The approval for the proposed mixture was sought from CCI in April this 12 months. The events to the mixture are Tata Sons Pvt Ltd (TSPL), Air India Ltd, Tata SIA Airlines Ltd (TSAL) and Singapore Airlines Ltd. It is price mentioning right here that the deal will make Air India the nation’s largest worldwide provider and second-largest home provider.
(With inputs from PTI)
