Team Blitz India
NEW DELHI: Singapore’s competition watchdogsaid on March 5 that it has approved the merger betweenTata Group owner Air India and sister airline Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions.
Singapore’s flagship carrier announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant full-service airline in the domestic and international markets.
While India’s antitrust body approved the deal in September last year, the Competition and Consumer Commission of Singapore (CCCS) had identified certain competition concerns regarding the merger.
The watchdog said the parties possessed the majority of the market share among airlines operating direct flights on four routes of concern – between Singapore and Indian cities of New Delhi, Mumbai, Chennai and Tiruchirapalli.
