NEW DELHI: Paving way for consolidation among the four Tata Group airlines, the Competition Commission of India (CCI) approved acquisition of entire shareholding in Air Asia India by Air India.
\nThe Group plans to have AI, which it took over this January, as its flagship carrier and merge the low cost airlines AirAsia India and AI Express. Vistara, Tata\u2019s JV with Singapore Airlines, will continue as a separate carrier for now along with AI.
\n\u201cCCI approves acquisition of entire shareholding in AirAsia India by Air India, a wholly-owned subsidiary of Tata Sons,\u201d the CCI tweeted on Tuesday.
\n\u201cThe proposed combination relates to the acquisition of the entire equity share capital of AAIPL by AI, an indirect wholly owned subsidiary of Tata Sons Private Limited (TSPL). At present, TSPL holds 83.67% of the equity share capital of AAIPL. The proposed combination is notifiable under\u2026 the Competition Act, 2002,\u201d the notification to CCI this April says.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: Paving way for consolidation among the four Tata Group airlines, the Competition Commission of India (CCI) approved acquisition of entire shareholding in Air Asia India by Air India. The Group plans to have AI, which it took over this January, as its flagship carrier and merge the low cost airlines AirAsia India and AI Express. Vistara, Tata\u2019s JV with Singapore Airlines, will continue as a separate carrier for now along with AI. \u201cCCI approves acquisition of entire shareholding in AirAsia India by Air India, a wholly-owned subsidiary of Tata Sons,\u201d the CCI tweeted on Tuesday. \u201cThe proposed combination […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-498367","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=498367"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498367\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=498367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=498367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=498367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}