Tata Group seeks CCI approval for Air India-Vistara merger

The Tata Group has sought the Competition Commission of India’s (CCI) approval for a merger between its Air India airline and Vistara, the company’s JV with Singapore Airlines (SIA). The merger will create a stronger competitor to India’s leading airline IndiGo and strengthen SIA’s position in one of the world’s fastest growing aviation markets. Tata will hold 51 per cent of the issued and paid-in capital in the merged entity, while SIA will retain a minority stake of 25.1 per cent.