The new entity formed after the merger of state-run carriers Air India and
Indian will be in place within four months, Civil Aviation Minister Praful Patel informed the Parliament on Friday.
Announcing the government's decision to merge the two airlines in Parliament, Patel said the amalgamation process would be carried out in phases over two years and its technical formalities put in place in the next 16 weeks.
"It is estimated this decision would result in the net benefit of Rs 600 crore (Rs 6 billion) at the end of third year of merger," he said in a statement laid in both Houses of Parliament.
"The technical and procedural formalities for merging the two airlines would begin immediately and one company with one name, one brand, one logo, one code and single financials is expected to be in place within the coming 16
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