The Vistara-Air India Merger | Unleashing Growth in the Skies
March 7, 2024 ⚊ 1 Min read ⚊ Views 16 ⚊ BLOG
In a strategic move that promises to reshape the aviation landscape between India and Singapore, the Competition and Consumer Commission of Singapore (CCCS) recently granted Conditional Approval for the merger of Vistara with Air India. This move follows the earlier approval by the Competition Commission of India (CCI), clearing the way for a dynamic partnership that could revolutionize air travel between the two nations.
The CCCS approval, contingent on certain conditions, allows Singapore Airlines (SIA) Group to acquire a 25.1% stake in the merged entity, which will continue as Air India. The significance of this approval lies in the collaborative efforts the airlines can now undertake, ranging from route coordination and codesharing to reciprocal benefits.
