Which regulatory authority granted conditional approval

Solution

• The Competition and Consumer Commission of Singapore (CCCS) has granted conditional approval for Vistara’s merger with Air India along with Singapore International Airline’s 25.1% stake in the latter. • The approval was granted following commitments from all three airlines that the merged entity would “maintain” capacity, or passenger seats, at pre-COVID-19 level (calendar year 2019) for flights between Singapore and Mumbai, Delhi, Chennai and Thiruvananthpuram. • This followed competition concerns identified by CCCS as the three entities hold majority of the market shares among various airlines offering direct flights on the four routes. • The merger is now expected to conclude in 2025 first half.