ArticlesAir India wants to acquire AirAsia India, seeks approval from CCI

Air India wants to acquire AirAsia India, seeks approval from CCI

Tata-owned Air India has shown interest in acquiring low-cost carrier AirAsia India and has sought permission from the Competition Commission for the same.

Tata Sons Private Limited holds 83.76 percent stake in AirAsia India, while the rest is held by AirAsia Investment Limited (AIL), which is part of Malaysia ‘s AirAsia Group.

In a notice filed with the Competition Commission of India (CCI), Tata said the proposed combination pertains to the acquisition of the entire equity share capital of AirAsia (India) Pvt Ltd by Air India Limited (AIL). This will not change the competitive landscape and will not hurt the competition in India.

AirAsia India commenced its operations in India in June 2014 and provides air travel transportation, air cargo transportation and charter flight services. The company does not operate any international flights.

In November last year, it was reported that Tata was going to merge AirAsia India with Air India Express. Many reasons were given behind this like reduction in cost of operation.

Tata may bring Vistara along with Air India

Tata also operates Vistara Airlines in a joint venture with Singapore Airlines. There were reports that it may be linked with Air India. Tata holds 51 per cent stake in Vistara.

Air India came to Tata Group in the same year

In January this year, the Center handed over the official command of Air India Airlines to the Tata Group. With this the process of disinvestment of Air India was completed.

Air India’s 100 per cent stake was handed over to Tales Pvt Ltd, a subsidiary of Tata Sons. Tales had also accepted Air India’s loan of Rs 15,300 crore.

Read Also | Airbus estimates India will need 2,210 new aircraft in the next 20 years

Air India thus became the third aviation brand to be included in Tata’s portfolio.

Tata group bid for Air India in October

The government had started the second phase of auction in January 2020, deciding to sell 100 per cent stake in Air India.

In April last year, the government had invited bids from interested companies. In the bid, the government had kept a minimum reserve price of Rs 12,906 crore for Air India.

After this, on October 8, the Tata group bought Air India with a bid of Rs 18,000 crore .

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