NCLT approves amalgamation of Air Asia with Air India Express
The tribunal bench at Chandigarh approved the amalgamation between the two airline companies after noting that the necessary sanctions form the Ministry of Civil Aviation had been obtained.
The National Company Law Tribunal (NCLT) at Chandigarh on Tuesday approved the amalgamation of AIX Connect Pvt Ltd., owner of Air Asia Airlines, with the Air India Express Ltd company.