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    1.08 crore domestic passengers travelled in April, around 2 pc more than March: DGCA

    1.08 crore domestic passengers travelled in April, around 2 pc more than March: DGCA

    Jet Airways secures flying permit, says will gatecrash aviation party with Akasa air

    Jet Airways secures flying permit, says will gatecrash aviation party with Akasa air

    SpiceJet flights temporarily grounded at Delhi International Airport due to a delay in AAI’s daily payment

    SpiceJet flights temporarily grounded at Delhi International Airport due to a delay in AAI’s daily payment

    Noida airport: Rs 10 lakh per day fine if delayed, says UP minister

    Noida airport: Rs 10 lakh per day fine if delayed, says UP minister

    BLADE launches chopper services in Goa

    BLADE launches chopper services in Goa

    Airlines’ three in-flight engine shutdowns spark probe in India

    Airlines’ three in-flight engine shutdowns spark probe in India

    Vistara announces direct flights to Coimbatore from three metro cities

    Vistara announces direct flights to Coimbatore from three metro cities

    Air India A320neo plane makes emergency landing at Mumbai airport after engine shuts down

    Air India A320neo plane makes emergency landing at Mumbai airport after engine shuts down

    Jet Airways 2.0 gets airline licence; to resume flights by September

    Jet Airways 2.0 gets airline licence; to resume flights by September

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Air India seeks to acquire entire equity share of AirAsia India

AME QUESTION PAPERbyAME QUESTION PAPER
May 6, 2022
in NEWS
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Air India has sought approval from the Competition Commission of India (CCI) to acquire the entire equity share capital of AirAsia India. Tata Sons, which owns Air India, holds 83.7 per cent of the equity share capital of AirAsia India, part of Malaysia’s AirAsia Group.

“The proposed combination relates to the acquisition of the entire equity share capital of AirAsia (India) Private Limited (Air Asia India / Target), by Air India Ltd. (AIL), an indirect wholly owned subsidiary of Tata Sons Private Limited (TSPL). At present, TSPL holds 83.67 per cent of the equity share capital of AirAsia India,” the notice filed with CCI stated.

Air India and its low-cost subsidiary Air India Express were acquired last year by Talace Private Limited, a wholly-owned subsidiary of Tata Sons.

In a notice filed with the CCI, the group said that the proposed deal will not lead to any change in the competitive landscape or cause any appreciable adverse effect on competition.

It said that there would be horizontal overlaps in the markets for domestic passenger air transport services, provision of domestic air cargo transportation services, and provision of charter flight services in India.

Tata took over Air India and Air India Express in January this year. In October 2021, Tata emerged as the winning bidder for loss-making Air India. It offered a bid of Rs 18,000 crore, comprising cash payment of Rs 2,700 crore and taking over the carrier’s debt worth Rs 15,300 crore.

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