Tata Group approaches CCI for merger between Air India and AirAsia India

The two combined entities, Air India and AirAsia India will have a 15.7% share of India's domestic passenger market.

Tata Sons-owned Air India has approached the anti-trust regulator Competition Commission of India (CCI) for a merger of its low-cost subsidiary Air Asia India.

“The proposed combination relates to the acquisition of the entire equity share capital of AirAsia India Private Limited by Air India Ltd- 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 Air Asia India,” the filed notice with CCI said.

The two combined entities will have a 15.7 per cent share of India’s domestic passenger market. Air India Express - a subsidiary