Air India and Vistara’s merger received conditional clearance from the CCI on Friday. The CCI authorized the deal on X (previously Twitter). “Subject to compliance of voluntary commitments offered by the parties,” it added, “CCI approves the merger of Tata SIA Airlines into Air India and Singapore Airlines’ acquisition of certain Air India shareholding.”
Tata Group comprises Air India and Vistara.
Vistara and Air India are part of the Tata Group, and Singapore Airlines owns 49% of Vistara.
In November 2022, Tata Group announced the merger of Vistara and Air India, in which Singapore Airlines will purchase 25.1% of Air India. The combination would consolidate India’s fast-growing aviation industry.
CCI was requested to approve the transaction in April. The merger involves Tata Sons Pvt Ltd (TSPL), Air India Ltd, TSAL, and Singapore Airlines Ltd. Note that the merger would become Air India India’s largest domestic and international airline.
Conclusion:-
The CCI has conditionally approved the merger of Air India and Vistara. The merger will integrate India’s fast-growing aviation industry, creating Air India the largest domestic and international airline. The Tata Group controls 49% of Vistara, which comprises Air India. The merger will consolidate India’s aviation industry.
