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India authorizes Air India-Vistara merger

Favorable order from the National Company Law Tribunal

The merger between the Indian airlines Vistara and Air India has been approved. The favorable order arrived in the last few hours from the national commercial court of the Asian country. This is a further step that brings both Tata Group companies closer to completing the merger agreement."Sanction is hereby granted to the composite scheme of arrangement between the appellant companies and their respective...

Gic - 1258708

AVIONEWS - World Aeronautical Press Agency
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