New Delhi: The Tata Group is hiking its stake in AirAsia India (AAIPL) from 51% to 83.67%. Tony Fernandes’ AirAsia group will have its stake reduced in this JV from 49% to 16.33%, accordingly. AirAsia Berhad informed the Malaysian stock exchange on Tuesday about selling its 32.67% stake in AAIPL to Tatas for about $37.7
The AirAsia web of global airlines continues to contract. The Japanese outpost halted operations earlier this year and the long-haul AirAsia X group could be forced to slash its A330neo order book in the face of massive debt and restructuring challenges. In India the operation, a partnership with Tata Group, also faces pressures and the parent operation is
New Delhi: The Tata Group is hiking its stake in AirAsia India (AAIPL) from 51% to 83.67%. Tony Fernandes’ AirAsia group will have its stake reduced in this JV from 49% to 16.33%, accordingly. AirAsia Berhad informed the Malaysian stock exchange on Tuesday about selling its 32.67% stake in AAIPL to Tatas for about $37.7
AirAsia Group plans to cut its stake in AirAsia India from 49% to just 13%, unnamed sources have told The Times of India, giving joint venture partner Tata Sons a significantly greater hold over the airline. However, the low-cost carrier will continue to use the AirAsia brand for some time, together with other arrangements such
Air Asia News : Air Asia is currently flying into many countries across the world.Air Asia is rated as one of the best budget airlines in the world, having won the Skytrax World’s Best Low Cost Airline for the sixth year in a row as of August 2014. Like the current state of its sister
