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Air India seeks approval to acquire the 16.33% of AirAsia India held by Malaysia’s Capital A
April 28th 2022
Recently privatised Air India has sought regulatory clearance to fully acquire local LCC, AirAsia India. Read More » Tata Sons (Tata’s) is the 100% owner of Air India and has equity of 83.67% in AirAsia India. The remaining 16.33% of the LCC is held by Malaysia-based Capital A. The proposal submitted to the Competition Commission of India (CCI) stated Air India will acquire the "entire equity share capital" of AirAsia India. "The proposed combination will not lead to any change in the competitive landscape or cause any appreciable adverse effect on competition in India," the filing to the CCI said. In January, Tata’s completed a 180 billion rupee (US$2.4 billion) deal to buy 100% of Air India, 100% of LCC, Air India Express, and 50% of airport services provider, Air India SATS, from the Indian government. The conglomerate also owns 51% of full-service carrier,Vistara, with Singapore Airlines holding the remaining 49%.
