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Air India-Vistara airline merger gets the go-ahead
The Competition Commission of India has rubber stamped the airline merger of Air India and Vistara.
It gave the green light for the integration of Tata Group’s two full service airline brands.
Vistara was a joint venture between Tata and Singapore Airlines Group.
SIA group has a 49% stake.
The airline merger includes the ‘acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments’ the competition regulator said.
The airline merger gives the integrated Air India business a foothold to compete more effectively with market leader IndiGo.
However, even combined, Air India’s market share is less than half of that of IndiGo.
Vistara launched operations back in 2015.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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