Indian and Air India merger approved
The Ministry of Corporate Affairs on Friday approved the application for merger of Air India and Indian to create a unified national carrier.
With the filing of this approval with the Registrar of Companies, the legal process for the merger have been completed, an official release said.
Meanwhile, the Board of Indian and Air India also met here, followed by the Board meeting of the new entity NACIL, sources said.
V Thulasidas takes over as the chairman and managing director, while Vishwapati Trivedi will be the Joint Managing Director of the new entity, the release said.
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