Air India Pvt Ltd was formally acquired by Tata Sons Pvt Ltd on January 27, 2022 through a wholly owned subsidiary, Tales Pvt Ltd.
Meanwhile, Tata Sons holds 83.67 per cent stake in AirAsia, while AirAsia Investment Ltd (Malaysia) holds the remaining 16.33 per cent. (Photo: Reuters)
Air India has proposed to acquire 100% equity of AirAsia (India) Pvt Ltd. Air India has made this proposal in a petition filed before the Competition Commission of India (CCI).
Air India Pvt Ltd was formally acquired by Tata Sons Pvt Ltd on January 27, 2022 through a wholly owned subsidiary, Tales Pvt Ltd.
Meanwhile, Tata Sons holds 83.67 per cent stake in AirAsia, while AirAsia Investment Ltd (Malaysia) holds the remaining 16.33 per cent.
Both aviation businesses provide domestic scheduled air transport services, air cargo transport services and charter flight services in India. Air India also operates commercial international flights.
In its note to CCI, Air India has said, “The proposed combination will not alter the competitive landscape or cause any significant adverse effect on competition in India, irrespective of the respective markets as defined.”
But as expected, the combination will foster overlap in the domestic air transport, cargo, charter flights, in-flight catering services markets as well as ground handling markets at Bengaluru, Hyderabad, Delhi, Thiruvananthapuram and Mangalore airports.
On Tuesday, India Today Television had reported that Tata Sons is working on a plan to move all its aviation assets – Air India, Vistara (optional), AirAsia, Air India Express and AI SATS (ground handling supplier) under one roof. which includes a new office location in Gurugram.
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