Guwahati: The Competition Commission of India (CCI) has approved Air India's acquisition of the whole shares in Air Asia India.
The proposed combination calls for Air India Ltd. (AIL), an indirect fully owned subsidiary of TSPL, to acquire the whole equity share capital of AirAsia (India) Private Limited (Air Asia India). TSPL now owns 83.67 percent of Air Asia India's equity share capital.
AIL and its wholly-owned subsidiary, Air India Express Limited (AIXL), principally provide (a) domestic scheduled air passenger transport service, (b) international scheduled air passenger transport service, (c) air cargo transport services in India, and (d) charter flight services in India.
Air Asia India is a joint venture between TSPL and Air India Investment Limited (AAIL), with TSPL owning 83.67 percent and AAIL owning 16.33 percent. Air Asia India operates under the "AirAsia" brand. It operates in India and provides the following services: (a) domestic scheduled air passenger transport, (b) air cargo transport, and (c) charter flight services. AirAsia India does not offer scheduled international air passenger transport services.
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