NCLT authorizes the merger of Vistara and Air India.

On Thursday, the National Company Law Tribunal (NCLT) approved the merger of Vistara and Air India.The airlines intend to finish the integration by the end of December, but NCLT has given them an extra nine months to do so, provided they secure all the required licenses from the civil aviation ministry, including security clearances and approvals for foreign direct investment.Plans to unite Singapore Airlines (SIA) and Tata Sons were announced in November 2022. SIA would invest ₹2,059 crore in Air India as part of the merger deal. Following the consolidation, SIA will own 25.1% of Air India's shares.

The parties' original goal was to close the deal by March 2024.Plans to unite Singapore Airlines (SIA) and Tata Sons were announced in November 2022. SIA would invest ₹2,059 crore in Air India as part of the merger deal. Following the consolidation, SIA will own 25.1% of Air India's shares. The parties' original goal was to close the deal by March 2024.By the end of this year, Air India hopes to finalize its merger with Vistara. The National Company Law Tribunal (NCLT) Chandigarh branch has finally approved the merger, which was first announced in November 2022.