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The Times of India

Business

Saurabh Sinha | TNN

Tata airlines' consolidation begins: CCI approves Air India acquiring entire stake in AirAsia India

AI Air India CCI India TATA AirAsia India AirAsia Asia Tata Group ED

NEW DELHI: Paving way for consolidation among the four Tata Group airlines, the Competition Commission of India (CCI) approved acquisition of entire shareholding in Air Asia India by Air India.

The Group plans to have AI, which it took over this January, as its flagship carrier and merge the low cost airlines AirAsia India and AI Express. Vistara, Tata’s JV with Singapore Airlines, will continue as a separate carrier for now along with AI.

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