CCI clears Jet-Etihad deal

It was in May this year that Jet Airways and Etihad had approached the Competition Commission of India (CCI) for its approval and after asking for series of information and having considered them and also the information submitted by Air India, CCI has approved the Jet-Etihad deal, reports CNBC-TV18's Malvika Jain.

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However, in the order the commission has mentioned very specifically that if ever in future the commission finds that either of the companies or this combination is having any implications or impact on competition then action could be taken against them. This is an approval which has been given under Section 31 of Competition Act, but in the order it is mentioned that under Section 43 A the commission would be free to initiate action against the two companies if ever a need so arises.
There were various facets and concerns which were raised by various stakeholders as far as this deal is concerned, but now that it has been approved by the CCI it seems that all decks are cleared and probably and the company will probably be rolling out operations soon.
As per the act, there is no further proceeding which is pending before the commission and there are no hurdles as far as the competition law is concerned.
The two companies can go ahead and move on to the next step and launch the services if they have met all other conditions.