New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which regulatory authority granted conditional approval

    for Vistara’s merger with Air India?
    A RBI Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C CCCS Correct Answer Incorrect Answer
    D NITI Aayog Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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.

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