New Delhi. The Competition Commission of India has given permission for the merger of Tata Group’s airline Air India and Vistara. However, this permission is subject to certain conditions.
After the merger of Vistara, Air India has now become the second largest domestic airline and the largest international airline in the country. This is being considered as a big step for Tata Group towards expanding its airline business.
Let us tell you that Vistaar Airlines is also known as Tata SIA Airlines, because it is a joint venture of Tata Sons and Singapore Airlines. CCI said on social networking platform X on Friday that it has approved the merger.
“The CCI has approved the merger of Tata SIA Airlines with Air India and acquisition of certain shares in Air India by Singapore Airlines subject to compliance with the voluntary commitments proposed by the parties,” it said.
The Tata Group announced its expansion merger with Air India in November last year under a deal in which Singapore Airlines would also acquire a 25.1 per cent stake in Air India.
