{"id":165899,"date":"2024-06-07T14:00:07","date_gmt":"2024-06-07T14:00:07","guid":{"rendered":"https:\/?p=165899"},"modified":"2024-06-07T18:50:38","modified_gmt":"2024-06-07T18:50:38","slug":"india-tribunal-clears-air-india-vistara-merger","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/06\/india-tribunal-clears-air-india-vistara-merger.html","title":{"rendered":"India: Tribunal clears Air India-Vistara merger"},"content":{"rendered":"\n

National Company Law Tribunal (NCLT) approved the merger of Vistara <\/strong>with Air India<\/strong> on Thursday, according to an order dated June 6, bringing both Tata group airlines a step closer to completing the deal.<\/p>\n\n\n\n

The merger, first announced in November 2022, will include Vistara, which is 49% owned by Singapore Airlines being absorbed into Air India, giving Singapore Airlines a 25.1% stake in the merged entity.<\/p>\n\n\n\n

\u2192 IndiGo goes premium with business class foray<\/a><\/em><\/strong><\/p>\n\n\n\n

The NCLT order stated that Air India must complete the merger in nine months.
Both India’s and Singapore’s antitrust regulators have cleared the deal.<\/p>\n\n\n\n

The merger is expected to be completed by the end of the year, Air India CEO Campbell Wilson said earlier this week.<\/p>\n\n\n\n

The Air India group, which also includes low-cost carrier Air India Express and Air Asia India, has ordered a staggering 470 jets from Airbus and Boeing aiming to take on local rivals such as IndiGo and Middle Eastern carriers that dominate outbound traffic from India.<\/p>\n\n\n\n

With information from Reuters<\/a><\/p>\n\n\n\n

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