Tata-owned Air India and Vistara have sought approval from their creditors for the merger of the two airlines. Creditors will vote on the proposal on September 23, according to a notice seen by ET.
The merger plan has already been approved by the National Company Law Tribunal and the Competition Commission of India. After getting approval from creditors, the entities will move for permission from the Registrar of Companies and aviation regulator Directorate General of Civil Aviation, people involved in the process said.
