Air India-Vistara Merger: Airline Attempting To Receive Nod From Overseas Competition Regulators
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Air India, which recently received CCI's clearance for the Vistara merger, is working towards getting approval from competition regulators in Singapore and other jurisdictions for the deal, according to the airline's chief Campbell Wilson. As Tata Group is in the process of integrating four airlines into two, Air India is working through a backlog of more than 600 legal cases filed by customers against the airline before privatisation, and some of the cases date back more than 15 years. Tata Group acquired loss-making Air India and Air India Express from the government in January last year.
The Competition Commission of India's approval to the planned merger of Vistara with Air India "is a welcome and important step toward the eventual integration of the four Tata airlines into two, one full service and one low cost though is not the only step," Campbell said in his weekly message to the employees on Friday. "We also need approval from the com...