New Delhi (Agency): The Competition Commission of India (CCI) has granted approval for the merger of Air India and Vistara, subject to specific conditions. This development marks a major stride for the Tata Group as it works to consolidate its aviation business.
In an announcement on the X platform, the CCI stated that it has approved the merger of Tata SIA Airlines into Air India and the acquisition of a certain shareholding in Air India by Singapore Airlines. The approval is subject to compliance with voluntary commitments made by the parties involved.
Both Vistara and Air India are full-service carriers operating under the Tata Group, with Singapore Airlines holding a 49% stake in Vistara. The merger was initially announced in November of the previous year, revealing a deal that includes the merger of Vistara with Air India and Singapore Airlines acquiring a 25.1% stake in Air India. This merger would have a significant impact on India’s rapidly growing aviation sector.
The application for approval of the proposed combination was submitted to the CCI in April of this year. The parties involved in the combination include Tata Sons Pvt Ltd (TSPL), Air India Ltd, Tata SIA Airlines Ltd (TSAL), and Singapore Airlines Ltd.
Upon completion, the merger would position Air India as the country’s largest international carrier and the second-largest domestic carrier. The move aims to create a stronger aviation presence for the Tata Group and contribute to the evolution of the Indian aviation landscape.
