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.
Tata air india vistara merger
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).
The Air India Vistara merger will have a significant impact on the two carriers’ workforce. Nonetheless, the consequences will be severe for both airlines’ employees.
Vistara and Air India, both owned by Tata Sons, have begun their integration process in order to finalise the merger as soon as possible.
Air India Limited on Thursday afternoon revealed its plan to invest 400 million US dollars to Refurbish its Boeing 787 and 777 aircraft cabin Interiors.