India’s Tata Group has been working towards an integration of its various airline entities towards making one big aviation behemoth in Talace Ltd, which is the entity it promoted to acquire Air India. While Air India still does not have a CEO and Campbell Wilson is expected to take charge soon, Air India moved to start the integration of its majority-owned no-frills carrier AirAsia India with the bigger, Air India.
In April 2022, Air India filed a request with the Competition Commission of India (CCI), India’s anti-trust regulator, to acquire its entire shareholding in AirAsia India. Previously, the Tata Group had hiked their stake in AirAsia India to 83.67% in December 2020, leaving AirAsia Berhad with the remaining stake. The conglomerate is on track to complete the acquisition of the remaining stake from AirAsia within 2022.
The request filed on behalf of Air India has now been approved by the CCI. In a statement issued by the CCI, it said, “The proposed…
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