‘AI proposes to acquire 100% equity of Air Aisa’
Tata Group-owned Air India has proposed to acquire a 100 per cent equity of AirAsia (India) Private Limited. The Competition Commission of India (CCI) notified on Wednesday that Air India had proposed to acquire the entire equity of AirAsia India. Both the airlines are run by the Tata Group — Air India entirely and AirAsia India jointly with the AirAsia Group.
“The proposed combination relates to the acquisition of the entire equity share capital of AirAsia (India) Private Limited (Air Asia India/ Target), by Air India Ltd (AIL), an indirect wholly owned subsidiary of Tata Sons Private Limited,” a notice filed with the CCI said.
