Thursday, June 16, 2022

CCI approves Air India buy of Air Asia stake 15 June News

  •  Air India's proposed acquisition of of Tata group's entire 83.67 per centstake in Air Asia India.
  • This will boost plans for the merging of the two airlines.
  • At present Tata group owns and operates 4 airlines -- Air India, Air India Express, AirAsia India and Vistara.
  • The combined market share of Air India and AirAsia in India is 13 per cent.
  • Thr Tata group is also expected to buy the remaining 16.33 per cent from its Malaysian partner AirAsia Berhad after ministry's approval

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