

Updated On: 14 June, 2024 07:13 AM IST | Mumbai | Prasun Choudhari
Tribunal directs the airlines to complete merger process within nine months

Air India Express will have 100 per cent shareholding of the merged entity
A few days after Air India and Vistara received the National Company Law Tribunal (NCLT), nod for their merger, low-cost carriers AIX Connect and Air India Express also received the same approval. AIX Connect is the new name given to erstwhile AirAsia India, as the brand licence of AirAsia expired in November. On June 11, the NCLT unit at Chandigarh approved the merger proposal.
The NCLT has directed Air India Express and AIX Connect to complete their merger process within nine months of filing the plea. The assets of AIX Connect will be shifted to Air India Express. AIX Connect will not wind up. Air India Express will have 100 per cent shareholding of the merged entity.