CCI Clears Air India-Vistara Merger Subject To Certain Conditions freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Competition Commission of India said in a post on platform X, "CCI approves the merger of Tata SIA Airlines into Air India, and the acquisition of certain shareholding by Singapore Airlines in Air India subject to the compliance of voluntary commitments offered by the parties," it said. Get more Companies News and Business News on Zee Business.
Air India is fully owned by Tata Sons, while Vistara is a joint-venture of Tata Sons and Singapore Airlines with an equity split of 51 per cent and 49 per cent, respectively
New Delhi: India’s anti-trust watchdog the Competition Commission of India (CCI) has approved the merger of Tata Group airlines Vistara and Air India, making Air India the largest international carrier in India and the second biggest domestic carrier after IndiGo.