Air India, Vistara merger: Creditors to vote on merger proposal on Sept 23

Tata-owned Air India and Vistara have asked for permission from their creditors to merge the two airlines. On Thursday, The Economic Times (ET) reported that creditors will vote on the proposal on September 23.

Sources told ET that after getting approval from creditors, Air India and Vistara will move for permission from the Registrar of Companies and aviation regulator DGCA. The merger plan has already been given the nod by the National Company Law Tribunal (NCLT) and the Competition Commission of India (CCI).