{"id":571085,"date":"2023-04-21T11:21:05","date_gmt":"2023-04-21T05:51:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=571085"},"modified":"2023-04-21T11:21:05","modified_gmt":"2023-04-21T05:51:05","slug":"vistara-merger-into-ai-tatas-spore-airlines-seek-cci-nod","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vistara-merger-into-ai-tatas-spore-airlines-seek-cci-nod\/","title":{"rendered":"Vistara merger into AI: Tatas, S\u2019pore Airlines seek CCI nod"},"content":{"rendered":"<p>NEW DELHI: Merging Vistara into Air India \u201cwill not lead to any change in the competitive landscape or cause any appreciable adverse effect on competition in India\u201d, says a joint application to the Competition Commission of India (CCI) by four entities \u2014 Tata Sons, Air India, Vistara and Singapore Airlines (SIA). Last November, Tatas and SIA had announced their plan to have one full-service carrier by March 2024 and process of seeking regulatory nods has begun.<\/p>\n<p>Vistara is 51% owned by Tatas and 49% by SIA. The proposed merger of Vistara into AI will have SIA as a 25. 1% stakeholder in the merged entity and the rest will be with Tatas. SIAwill invest $250 million as soon as this integration is completed, valuing the upcoming mega AI at about $1 billion. The Southeast Asian airline says it intends to fully fund this investment with its internal cash resources, which stood at S$17. 5 billion as of September 30, 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Merging Vistara into Air India \u201cwill not lead to any change in the competitive landscape or cause any appreciable adverse effect on competition in India\u201d, says a joint application to the Competition Commission of India (CCI) by four entities \u2014 Tata Sons, Air India, Vistara and Singapore Airlines (SIA). Last November, Tatas and SIA had announced their plan to have one full-service carrier by March 2024 and process of seeking regulatory nods has begun. Vistara is 51% owned by Tatas and 49% by SIA. The proposed merger of Vistara into AI will have SIA as a 25. 1% [&hellip;]<\/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-571085","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\/571085","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=571085"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/571085\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=571085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=571085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=571085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}