Jet-Etihad deal steers clear of turbulence

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The Competition Appellate Tribunal (COMPAT) has dismissed an appeal by Jitender Bhargava, a former executive director of Air India, who challenged the decision by the Competition Commission of India (CCI) to approve the merger of Jet Airways and Etihad.

Etihad_Airways_1Bhargava said that the combination of the two airlines sought to “eliminate the competition in the market for international air passengers, which would not only impact the operations of Air India and other domestic airlines but ultimately the consumers who would be left without any choice”.

The COMPAT stated that Bhargava did not have locus standi (the right to be heard). Justice VS Sirpurkar said that the combination had not been objected to by any shareholder, office bearer or by any competitor companies, but instead by Bhargava in his private capacity. “Air India, which would have been the most affected person by this combination, has also not chosen to file any appeal against the order,” the COMPAT order stated.

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