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India regulator approves Air India’s 100% acquisition of AirAsia India
June 17th 2022
Air India has received the green light from the Competition Commission of India (CCI) to take over local LCC, AirAsia India. Read More » The CCI said more details explaining its decision will be disclosed in the period ahead. 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. Under the proposed transaction, Air India will acquire the entire equity share capital of AirAsia India. 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 Vistara with Singapore Airlines holding the remaining 49% of the full-service carrier.
