CCI approves proposed acquisition of AirAsia India by Air India
Competition Commission of India on Tuesday said it has approved the proposed acquisition of the entire shareholding of AirAsia India Ltd by Air India Ltd. AirAsia India is a joint venture between TSPL and Air India Investment Limited (AAIL), with TSPL presently holding 83.67 percent and AAIL owning a 16.33 percent stake.
AirAsia India, which started flying in June 2014, offers scheduled air passenger transport, air cargo transport, and charter flight services in the country. Pic: Reuters