{"id":125544,"date":"2022-04-27T12:43:35","date_gmt":"2022-04-27T12:43:35","guid":{"rendered":"https:\/?p=125544"},"modified":"2022-04-27T12:43:54","modified_gmt":"2022-04-27T12:43:54","slug":"air-india-proposes-to-buy-airasia-india","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/04\/air-india-proposes-to-buy-airasia-india.html","title":{"rendered":"Air India proposes to buy AirAsia India for merge"},"content":{"rendered":"\n

Tata Group-owned Air India<\/strong> has proposed to buy the entire equity share capital of low cost carrier AirAsia India<\/strong>, in which Tata has a majority stake, to merge into a single airline, according to an application with India\u2019s competition commission.<\/p>\n\n\n\n

\u2192 Akasa Air launch postponed to July.<\/a><\/em><\/strong><\/p>\n\n\n\n

The autos-to-steel conglomerate bought state-run carrier Air India in a $2.4 billion equity-and-debt deal, regaining ownership of what used to be India\u2019s flagship carrier after nearly 70 years.<\/p>\n\n\n\n

Tata Sons has an 83.67% stake in AirAsia India, Reuters<\/a> reported.<\/p>\n\n\n\n

\u201cThis was on expected lines as it makes no sense for the Tata Group to own stakes in separate airlines,\u201d said Vinamra Longani, head of operations at Sarin & Co, a law firm specialising in aircraft leasing and finance.<\/p>\n\n\n\n

\u201cThe Tata Group has embarked on what will go down in history as possibly one of the most challenging airline realignment or turnarounds.\u201d<\/p>\n\n\n\n

\u2192 Qatar Airways suffers setback in feud with Airbus.<\/a><\/strong><\/em><\/p>\n\n\n\n

While Air India has lucrative landing slots, Tata faces an uphill task to upgrade the airline\u2019s aging fleet and turn around its financials and service levels.<\/p>\n\n\n\n

“The proposed combination will not lead to any change in the competitive landscape or cause any appreciable adverse effect on competition in India,” according to the application here with the Competition Commission of India (CCI).<\/p>\n\n\n\n

The CCI application is the first move by Tata to integrate its airline businesses, which also include Vistara, a joint venture with Singapore Airlines, and AirAsia India, which it operates with Malaysia\u2019s AirAsia X.<\/p>\n\n\n\n

Photo: Venkat Mangudi\/Wikimedia<\/a><\/p>\n\n\n\n

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