vistara – The Milli Chronicle https://millichronicle.com Factual Version of a Story Sat, 02 Sep 2023 04:57:35 +0000 en-US hourly 1 https://media.millichronicle.com/2018/11/12122950/logo-m-01-150x150.png vistara – The Milli Chronicle https://millichronicle.com 32 32 India’s antitrust body allows Vistara merger with Air India https://millichronicle.com/2023/09/indias-antitrust-body-allows-vistara-merger-with-air-india.html Sat, 02 Sep 2023 04:57:35 +0000 https://millichronicle.com/?p=44699 Bengaluru (Reuters) – India’s antitrust body has approved the merger of Vistara-owner Tata SIA Airlines with Air India, the regulator said on Friday in a post on social media platform X, while allowing Singapore Airlines (SIAL.SI) to also acquire shares in the newly formed entity.

The Competition Commission of India (CCI) had been scrutinizing the deal, announced last November, and had flagged concerns that the merged entity could have a monopoly in the domestic market.

The CCI said its initial review showed the market share of the Tata Group could be more than 50% in at least seven domestic markets, raising competition concerns, sources told Reuters last month.

Air India did not immediately respond to a Reuters request for comment.

Air India’s merger with Vistara, a joint venture between Tata and Singapore Airlines, will pose a challenge to local rival and market leader IndiGo (INGL.NS).

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