Tata Sons will take over Air Asia India.
Tata Sons has acquired an additional 32.67% stake in Air Asia India for US$ 37.6 million. This brings the company’s stake in the airline to 83.6%.
See also: EASA extends ban flights for Pakistan Airlines.
There will also be a purchase option on the remaining 16.33% of the participation, which Tata Sons may exercise at any time after the transaction is completed.
The announcement comes two months after AirAsia closed its subsidiary in Japan, citing the highly challenging conditions in the midst of the pandemic.
Related Topics
Air Transat Makes Montreal–Dakar Route Year-Round and Bolsters Regional Network for Winter 2026–2027
Riyadh Air Launches Operations to Kuala Lumpur, Malaysia
Wingo Consolidates Expansion in H1 2026: Carries 1.8 Million Passengers and Boosts Regional Network
LOT Polish Airlines Strengthens Asian Footprint with New Route to Hanoi, Vietnam
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.