New Delhi: The Competition Commission of India (CCI) on Tuesday said it has approved the acquisition of the entire shareholding in Air Asia India by Air India, a wholly-owned subsidiary of Tata Sons.
“CCI approves acquisition of entire shareholding in Air Asia India by Air India, a wholly-owned subsidiary of Tata Sons,” the Competition Commission of India tweeted. The proposed combination relates to the acquisition of the entire equity share capital of AirAsia India Private Limited by Air India Ltd, an indirect wholly-owned subsidiary of Tata Sons Private Limited (TSPL).
Both Air India and AirAsia are run by the Tata group. Air India is a wholly-owned subsidiary, while AirAsia India is a joint venture with Malaysia’s AirAsia. Tata group also operates full-service carrier Vistara in a joint venture with Singapore Airlines.
Air Asia India operates under the brand name ‘AirAsia’. It is engaged in the business of providing the following services: (a) domestic scheduled air passenger…
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