{"id":21473,"date":"2022-06-15T08:00:00","date_gmt":"2022-06-15T02:30:00","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=21473"},"modified":"2022-06-15T11:44:12","modified_gmt":"2022-06-15T06:14:12","slug":"cci-approves-acquisition-of-airasia-india-by-air-india","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/06\/15\/cci-approves-acquisition-of-airasia-india-by-air-india\/","title":{"rendered":"CCI approves acquisition of AirAsia India by Air India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The acquisition of AirAsia India by Air India has been approved by the <strong>Competition Commission of India (CCI). <\/strong>It is based on a request to the fair trade regulator, in which Air India <em>proposed purchasing the low-cost carrier AirAsia India. <\/em><\/p>\n\n\n\n<p>As a result of the decision, <strong>Malaysia&#8217;s AirAsia will exit <\/strong>the airline business nine years after entering India with high hopes. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"600\" height=\"450\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/airasia-india.jpg\" alt=\"The acquisition of AirAsia India by Air India has been approved by the Competition Commission of India (CCI). Know more \" class=\"wp-image-21474\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/airasia-india.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/airasia-india-300x225.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption>image courtesy &#8211; ET<\/figcaption><\/figure>\n\n\n\n<p>Air India will buy AirAsia&#8217;s 16.3 percent stake in the airline alliance for Rs 139 crore. <\/p>\n\n\n\n<pre class=\"wp-block-verse has-text-align-center\">Tata Sons holds 83.7 percent of AirAsia India's remaining equity. \n\nThis will also be purchased by Air India. \n\nTata Sons bought Air India for Rs 18,000 crore in equity and debt on January 27 this year through its <strong>fully owned subsidiary Talace. <\/strong><\/pre>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/Air-asia_1200x800-1024x683.jpg\" alt=\"\" class=\"wp-image-21475\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/Air-asia_1200x800-1024x683.jpg 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/Air-asia_1200x800-600x400.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/Air-asia_1200x800-300x200.jpg 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/Air-asia_1200x800-768x512.jpg 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/Air-asia_1200x800-750x500.jpg 750w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/Air-asia_1200x800-1140x760.jpg 1140w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/06\/Air-asia_1200x800.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>image credits to Insider Hook <\/figcaption><\/figure>\n\n\n\n<p>Tata Sons&#8217; proposal to the CCI is the first stage in integrating its aviation operations, which includes low-cost carrier Air India Express. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>According to the CCI proposal, Air India&#8217;s proposed acquisition of AirAsia India<strong> &#8220;would not result in any change in the competitive environment or produce any noticeable adverse effect on competition in India.&#8221; <\/strong><\/p><\/blockquote>\n\n\n\n<p>Stay Tuned with Aviation a2z! <\/p>\n\n\n\n<p>Join Our <strong>Telegram group <\/strong>for Latest Aviation Updates :- https:\/\/t.me\/aviationa2z<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition of AirAsia India by Air India has been approved by the Competition Commission of India (CCI). Know more <\/p>\n","protected":false},"author":2,"featured_media":21475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[6186,82,2030,1594],"class_list":{"0":"post-21473","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized","8":"tag-air-asia-india","9":"tag-air-india","10":"tag-aviation-a2z-news","11":"tag-tata-sons"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/21473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=21473"}],"version-history":[{"count":2,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/21473\/revisions"}],"predecessor-version":[{"id":21488,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/21473\/revisions\/21488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/21475"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=21473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=21473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=21473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}