Synopsis In a statement on Friday, the Competition and Consumer Commission of Singapore (CCCS) said it has raised competition concerns with Talace Private Limited on the transaction (Tata’s acquisition of Air India) based on information received from Talace and third parties. Singapore’s competition commission on Friday said it has raised concerns with the Tata Group over its acquisition of Air India as the conglomerate now owns two of the three key airlines that operate flights on Singapore-Mumbai and Singapore-Delhi routes. Air India, Vistara and Singapore Airlines are the three key airlines that operate on the two aforementioned routes. Vistara’s 51 per cent stake is held by the Tata Group and the remaining 49 per cent is with Singapore Airlines. Talace Private Limited, a subsidiary of the Tata Sons Private Limited , took control of Air India on January 27 after successfully winning the bid for the airline on October 8 last year. In a statement on Friday, the Competition and Consumer Commission of Singapore ( CCCS ) said it has raised competition concerns with Talace Private Limited on the transaction (Tata’s acquisition of Air India) based on information received from Talace and third parties. “In particular, Air India and Vistara… Read full this story
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