CCI approves AirAsia India’s acquisition of Air India

Author: Nishu June 14, 2022

CCI approves AirAsia India's acquisition of Air India

In a bid to amalgamate the airline entities owned by Tata Sons, the Competition Commission of India on Tuesday approved Air India’s proposal to acquire the entire stake in low-cost subsidiary AirAsia India.

“The proposed combination envisages acquisition of the entire equity share capital of AirAsia (India) Private Limited (Air Asia India) by Air India Limited (AIL), an indirect wholly owned subsidiary of Tata Sons Private Limited (TSPL). The equity share capital of AirAsia India in India is 83.67 per cent,” CCI said in a press statement.

AirAsia India was established in 2014 as a joint venture between Tata Sons and Malaysia-based AirAsia Berhad, with Tata increasing its stake to 83.67% in December 2020. The airline does not have the authority to operate international flights. Air India and AirAsia India have a combined domestic market share of 13%.

The approval comes nearly six months after the government transferred the ownership of Air India and Air India Express to Tata Sons.

Tata Sons owns four airlines – Air India, Air India Express, AirAsia India and Singapore Airlines, with a 51% stake in the joint venture with Vistara. Air India Express does not have domestic flights, and the remaining three have a domestic market share of 21%.

The integration of Vistara’s business with Air India is likely to take time as talks are still on with Singapore Airlines.

Meanwhile, Singapore’s Competition and Consumer Commission expressed concern over the recent acquisition of Air India by Tata as three related entities – Singapore Airlines, Tata Sons and Vistara – have “overlapping passengers” between India and the city state. routes”, adding that it needs to “assess further” whether there was substantial competition from other unrelated airlines such as IndiGo.

14 June, 2022, 9:20 pm

News Cinema on twitter News Cinema on facebook

Tuesday, 14th June 2022

More Stories
Shocking moment Texas attorney pulls out a GUN and tries to SHOOT his ex-girlfriend at bar
Transcript of Sam Bankman-Fried’s Interview at the DealBook Summit
Shahrukh Khan has got fans excited by unveiling the new Pathan poster ahead of its release
Dozens of cattle killed in Colorado by elusive culprit that left no trace
Elon Musk expects Neuralink to begin human trials in six months
Kapil Sharma Show: Archana Puran Singh says only Kajol can take the chair on the show!
Heather Mack seeks release on bond and custody of daughter Stella
Google Doodle remembers Gerald ‘Jerry’ Lawson, creator of video games, today
Stevie Nicks shares moving tribute to Christine McVie
Jason Aldean’s wife Brittany throws out bags of Balenciaga to show her distaste amid controversy
Pakistani Viral Girl Ayesha Shows Middle Finger In New Post, Brutally Trolled For Offensive Photos!
Who Made Your World Cup Jersey?
NFL Week 13 Predictions: Our Picks For Each Game
Head Hunters motorcycle gang lose Christchurch gang pad in police bid to ‘disrupt organized crime’
Anthony Albanese promises Australians a public holiday if the Socceroos win the World Cup
Elon Musk Hopes to Test a Brain Implant in Humans Next Year
Body of Tea Wright-Finger found in remote bushland in outback Queensland
Artemis I Flight Day 15 – Team Polls “Go” For Distant Retrograde Orbit Departure – Artemis
Anushka Sharma shares a scene from the night shoot of sports biopic ‘Shakta Express’
Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million
KL Rahul may miss series against Sri Lanka next month to marry Athiya Shetty
French President Emmanuel Macron’s US tour starts, meets Kamala Harris at NASA headquarters
Elon Musk keeps a ritual weapon symbolizing ‘indestructible power’ on his bedside table
Wildlife photographer of the year short-listed entries including trio of shivering monkeys
India’s G20 presidency begins from today, 100 monuments to be illuminated
Elon Musk Says ‘Misunderstanding’ With Apple Is Resolved
Toyota Prado found in remote Queensland six weeks after Tea Wright-Finger vanished
Ignoring Legal Advice, Sam Bankman-Fried Speaks on FTX
Did Biden cast DOUBT on a 2024 run? President says ‘I don’t know about that’ to crowd member
Justice Dept. Strikes Deal to Address Struggling Water System in Jackson
Messi And Argentina Advance As Mexico Is Eliminated
Sam Bankman-Fried’s Phone Call to His Parents: ‘There Might Be a Liquidity Issue’
Medibank customer ‘doesn’t care’ if her records are leaked as Russian hackers dump entire data trove
Mike Pence Plays to the GOP Base From a Times Stage
Luxury watch buying guide: Everything you need to know before investing in a timepiece
Experts unravel the mystery of Westminster Abbey’s lost chapel
Indiana Attorney General Asks Medical Board to Discipline Abortion Doctor
Sam Bankman-Fried Blames ‘Huge Management Failures’ for FTX Collapse
McCarthy Warns Jan. 6 Committee Republicans Will Investigate Its Work
200 lobsters, American wine and cheese: all the details on Biden’s state dinner for France
John Hadl, Star Quarterback of the AFL, Dies at 82
Disgraced FTX founder Sam Bankman-Fried is publicly grilled for the first time