Air India-Vistara merger approved by Singapore competition commission

The Air India and Vistara planned merger has been approved conditionally by the Competition and Consumer Commission of Singapore (CCCS) after considering the competitive impact on flights between India and Singapore. The CCCS approved the merger after accepting three commitments from Tata Sons, owner of Air India, and stakeholder Singapore Airlines. The parties agreed to maintain capacity on four Singapore-India routes to pre-Covid levels; appoint an independent auditor to monitor compliance with an annual report; and each of the parties to submit an interim report which monitors the respective party member’s compliance with the committed capacity for every three weeks