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.
