New Delhi, Sep 1 (PTI) Competition Commission on Friday approved the proposed merger of Air India and Vistara subject to certain conditions.

The development is a major step forward for Tata Group in consolidating its aviation business.

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In a post on platform X, the Competition Commission of India (CCI) on Friday said it has approved the merger.

"CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)