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
Discover Airlines Expands Short-Haul Network with Three New Great Britain Destinations for Summer 2027
Avianca Strengthens Cross-Border Network: Launches Daily Flights Between Bogotá and Maracaibo, Venezuela
American Airlines to Resume Direct Flights Between Miami and Caracas Starting in September
LATAM to Expand International Connectivity With New Direct Route Between Santiago de Chile and Salvador de Bahia
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.