In an important development for the airline industry, a five-member majority (Chairman and four members) of the Competition Commission of India (CCI) cleared the purchase of 24 per cent stake in Jet Airways by the Abu Dhabi-based Etihad Airways.
One member, Anurag Goel, dissented. It is also not clear whether the CCI relied on public opinion to arrive at its conclusions.
When assessing a merger, the CCI first determines a relevant market, or the market affected by the merger. In this case, the CCI has held that the relevant market would be for international air passengers as Etihad does not operate in the domestic market.
22/11/13 Manas Kumar Chaudhuri/Aditi Gopalakrishnan/Business Line
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One member, Anurag Goel, dissented. It is also not clear whether the CCI relied on public opinion to arrive at its conclusions.
When assessing a merger, the CCI first determines a relevant market, or the market affected by the merger. In this case, the CCI has held that the relevant market would be for international air passengers as Etihad does not operate in the domestic market.
22/11/13 Manas Kumar Chaudhuri/Aditi Gopalakrishnan/Business Line
