Air India proposes to acquire AirAsia India
"The proposed combination relates to the acquisition of the entire equity share capital of AirAsia (India) Private Limited (Air Asia India/ Target), by Air India Ltd (AIL), an indirect wholly owned subsidiary of Tata Sons Private Limited," a notice filed with the Competition Commission of India (CCI) said.
Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission for the proposed deal. Pic: Reuters