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 of non-fulfilment in a report year.
The conditional approval covers the acquisition by Talace Private of all shares and voting rights of Air India from the Government of India, along with Air India's shareholding interest of 100% in the equity share capital of Air India Express and 50% of Air India ATS Airport Services. The merger approval also covers the merger of Talace and Vistara into Air India, with Air India as the surviving entity. Singapore Airlines will acquire 25.1% of the enlarged equity capital of Air India. The approval covers the proposed commercial cooperation between the enlarged Air India entity and Singapore Airlines as well as the provision of scheduled flights between their respective countries.
Air India-Vistara merger approved by Singapore competition commission
