Four entities, Tata Sons, Air India, Vistara, and Singapore Airlines, have jointly applied to the Competition Commission of India, claiming that merging Vistara into Air India will not “lead to any change in the competitive landscape or cause any appreciable adverse effect on competition in India.” The proposed merger will see Singapore Airlines hold a 25.1% stake in the merged entity, with Tatas holding the rest. Singapore Airlines will invest $250m as soon as the integration is completed, valuing the new airline at approximately $1bn. The merger will affect the domestic and international passenger air transport, air cargo transport services, chartered flight services, ground handling services, and in-flight catering services in India. The process of seeking regulatory approval from CCI has begun, with the expectation to have one full-service carrier by March 2024.