Air India (AI), owned by the Tata group, and Vistara are aiming to complete their merger by the end of October, thus consolidating their presence in the aviation market.
Air India Vistara CCI
Competition and Consumer Commission of Singapore (CCCS) granted conditional approval on Tuesday to the proposed merger between Air India (AI) and Vistara (UK)
People familiar with the situation suggest that Tata Sons is not rushing the merger of the Air India (AI) and Vistara (UK) boards.
Air India (AI), having recently obtained clearance from the CCI (Competition Commission of India) for its merger with Vistara, is now actively seeking approval from competition authorities in Singapore and various other jurisdictions for the proposed merger.
The Competition Commission of India has granted approval for the merger of Vistara (UK) Airlines into Air India (AI), as well as the acquisition of specific shareholding by Singapore Airlines (SQ) in Air India.
Air India CEO Campbell Wilson responded on Friday, July 7, to recent reports concerning the proposed merger between Air India and Vistara.
Tata group-owned Air India (AI) and Vistara (UK) have informed the Competition Commission of India (CCI) that their merger will not negatively affect competition in the aviation sector.
India’s fair-trade regulator, CCI, has issued a show-cause notice to Tata group-backed Air India (AI), demanding an explanation for its proposed merger with Vistara (UK).