Subscribe To Our Free Newsletter |
Merger won’t have adverse impact: AI, Vistara to CCI
Air India and Vistara have told the Competition Commission of India (CCI) that their merger will not affect competition as rivals operate on most routes that the combined entity will fly. The Tata Group is merging Vistara into Air India to create a single full-service airline, with Singapore Airlines owning a 25.1% share in the new entity, whilst AirAsia India is completing a merger with Air India Express to create a single low-cost subsidiary of Air India.