CCI approves merger of Vistara into Air India

CCI approves merger of Vistara into Air India

Daily Current Affairs   /   CCI approves merger of Vistara into Air India

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Category : Business and economics Published on: September 06 2023

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  • The Competition Commission of India (CCI) has approved the merger of Tata SIA Airlines into Air India, subject to certain conditions.
  • This landmark merger also involves Singapore Airlines (SIA) and entails the acquisition of shares in the merged entity, Air India, subject to certain voluntary commitments.
  • TSAL (Tata SIA Airlines Limited) is a joint venture between the Tata Group and Singapore Airlines with the former holding 51% and the latter 49%.
  • As part of the merger transaction, SIA shall also invest Rs. 2,059 crore in Air India. Post the consolidation, SIA shall hold 25.1% shareholding in Air India.
  • The consolidation will make Air India India’s largest international carrier and second-largest domestic carrier.
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