New Delhi: Merger Vistara A joint application by the four entities – Tata Sons, Air India, Vistara – to the Competition Commission of India (CCI) states that Air India “will not cause any change in the competitive landscape or cause any adverse effect on competition in India”. And singapore aviation (Is). last November, Bye And Is had announced its plans to have a full-service carrier by March 2024 and has begun the process of obtaining regulatory approvals.
Tata holds 51% stake in Vistara and SIA holds 49%. The proposed merger of Vistara with AI will have SIA as a 25.1% stakeholder in the merged entity and the rest with Tata. siyavil invest $250 million once this integration is complete, valuing the upcoming Mega AI at approximately $1 billion. The Southeast Asian airline says it intends to fund this investment entirely with its internal cash resources, which stood at S$17. 5 billion by September 30, 2022.
“…to assist CCI’s assessment of the proposed transaction, the following relevant markets have been identified: horizontal overlap in (which includes) domestic and international passenger air transport, air cargo transport services in India, and Chartered flight services.Vertical relationships (includes) Ground handling services in Bengaluru, Delhi, Hyderabad and Thiruvananthapuram airports…in-flight catering services in India,” the application says.
Tata holds 51% stake in Vistara and SIA holds 49%. The proposed merger of Vistara with AI will have SIA as a 25.1% stakeholder in the merged entity and the rest with Tata. siyavil invest $250 million once this integration is complete, valuing the upcoming Mega AI at approximately $1 billion. The Southeast Asian airline says it intends to fund this investment entirely with its internal cash resources, which stood at S$17. 5 billion by September 30, 2022.
“…to assist CCI’s assessment of the proposed transaction, the following relevant markets have been identified: horizontal overlap in (which includes) domestic and international passenger air transport, air cargo transport services in India, and Chartered flight services.Vertical relationships (includes) Ground handling services in Bengaluru, Delhi, Hyderabad and Thiruvananthapuram airports…in-flight catering services in India,” the application says.