Efforts on to get approval from foreign competition regulators on Vistara’s merger: Air India chief

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CCI had approved the proposed merger of Air India and Vistara on September 1 with certain conditions. Vistara and Air India are full-service airlines of the Tata Group. Singapore Airlines has a 49 percent stake in Expanse.

Mumbai Air India chief Campbell Wilson said that after getting the Competition Commission of India (CCI) nod for the merger of the expanding airlines, the company is working on the deal to get approval from competition regulators in Singapore and other regions. Tata Group is in the process of consolidating its four airlines into two through merger. Tata Group had acquired loss-making Air India and Air India Express from the government in January last year.

In his weekly message to employees on Friday, Campbell said the CCI’s approval of Vistara’s planned merger with Air India is “a welcome and important step towards consolidating Tata’s four airlines into two airlines.” However, some more work still needs to be done,” he said, adding, “Before we can finalize this, we also need approval from competition regulators in some other jurisdictions, including Singapore.” “We are working towards that.” In the meantime, “we are planning an integration that will make our future airline group stronger,” Campbell said.

CCI had approved the proposed merger of Air India and Vistara on September 1 with certain conditions. Vistara and Air India are full-service airlines of the Tata Group. Singapore Airlines has a 49 percent stake in Expanse. Tata Group announced its expansion merger with Air India in November last year under a deal in which Singapore Airlines will also acquire 25.1 per cent stake in Air India. Approval for the proposed merger was sought from CCI in April this year. The parties are Tata Sons Private Limited (TSPL), Air India Limited, Tata SIA Airlines Limited (TSAL) and Singapore Airlines Limited. After this deal, Air India will become the country’s largest international airline and second largest domestic airline.

Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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