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Tata, Singapore Airlines seek India clearance for Air India-Vistara merger

By Freny Patel ( April 20, 2023, 02:42 GMT | Insight) -- Tata Group and Singapore Airlines have sought clearance from India's competition watchdog to merge their joint venture airline company, Vistara with Tata-owned Air India. In their joint merger filing to the Competition Commission of India, made public on Wednesday, the parties said that the merger would not affect the competitive landscape or cause any appreciable adverse effect on competition in the Indian market despite the existence of horizontal and vertical overlaps. The parties are expected to file with the Singapore antitrust watchdog. Tata's initial acquisition of Air India notified on Dec. 14, 2021, has yet to receive approval from the Competition and Consumer Commission of Singapore, according to the regulator's website.Tata Group and Singapore Airlines have sought clearance from India's competition watchdog to merge their joint venture airline company, Vistara with Tata-owned Air India....

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