Air India proposes to acquire AirAsia India

A proposal to acquire Air Asia India has been put in front of the competition watchdog- Competition Commision of India (CCI) by Air India which was recently acquired by Tata Sons.

Air Asia India is one of the low cost carriers in India and is run by the Tata group. Tata Sons presently holds 83.67 per cent.

Full service carrier Air India and its low-cost subsidiary Air India Express were acquired by Talace Private Limited, a wholly-owned subsidiary of Tata Sons Private Ltd, last year.

Besides, Tatas operate full service airline Vistara in a joint venture with Singapore Airlines.