CURRENT AFFAIRS

Detailed explanation-1: -"The proposed combination envisages the acquisition of the entire equity share capital of AirAsia (India) Private Limited (Air Asia India) by Air India Ltd.

Detailed explanation-2: -Tata Sons, via its fully owned subsidiary, Talace Private Limited (“Talace)”, had acquired 100% stake in Air India on 27th January 2022.

Detailed explanation-3: -Tatas are consolidating their four airlines - full-service Vistara into Air India and LCC AirAsia India into AI ExpressWhile the LCC merger has to be completed within a year, the full serviceones have to be integrated by March 2024 after getting regulatory approvals.

Detailed explanation-4: -NEW DELHI : AirAsia Bhd exited the Indian budget airline that carried its name, with its majority Indian partner, Tata Group’s Air India, agreeing to acquire the 16.67% stake the Malaysian carrier still owned in AirAsia India for ₹155.65 crore.

Detailed explanation-5: -This 25.1 per cent stake will be in an enlarged Air India group – it will have Air India, Vistara, AirAsia India and Air India Express – and the merger of all airlines is targeted for completion by March 2024, subject to regulatory approvals.