Tata Sons and Singapore Airlines have sought the Competition Commission of India’s approval for the merger of full-service carriers Air India and Vistara. Air India is fully owned by Tata Sons, while Vistara is a joint-venture of Tata Sons and Singapore Airlines with an equity split of 51 per cent and 49 per cent, respectively.
The notice for the merger was filed jointly by the four parties–Tata Sons, Singapore Airlines, Air India, and Tata SIA Airlines (Vistara).The competition watchdog’s approval is a must for mergers and acquisitions. The Air India-Vistara merger is part of the consolidation of airlines under the Tata umbrella.
