CCI approves Air India-Vistara merger

The Competition Commission of India (CCI) has approved the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties. The proposed combination envisages the merger of Tata SIA Airlines (TSAL/Vistara) into Air India (AIL/Air India), with AIL being the surviving entity, and in consideration of the merger, the acquisition of shares in the merged entity by Singapore Airlines (SIA) and Tata Sons Private (TSPL) and acquisition of additional shares in the merged entity by SIA pursuant to a preferential allotment.