Comments were sought from Tatas, AI, SIA and Vistara on Wednesday evening and awaited till the time of going to press.
The Tata Group wants to have AI as the umbrella carrier, with a full-service arm formed by merging Vistara into the Maharaja and a low-cost arm by combining AirAsia India (AAIPL) into AI Express.
Like AI Express and AAIPL, the merger of AI and Vistara will also require several clearances from agencies such as the Competition Commission of India (CCI), which is expected to take anywhere up to six months, say people in the know.
The one-year target factors in hiccups on the way. For instance, the Competition and Consumer Commission of Singapore (CCCS) had this June expressed concern over Tata acquiring AI as three related entities (AI, SIA and Vistara) now have a major presence on “overlapping passenger routes” – Delhi-Singapore and Mumbai-Singapore – apart from “overlapping cargo routes” between India and the city state. SIA had last month confirmed being in talks with Tata Group for a “potential integration” of Vistara with AI.
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