AirAsia sells remaining stakes in Indian arm to Air India
Shortpedia
Content Team
Image Credit: avpaitionsourcenews
AirAsia Aviation Group Ltd. (AAGL) has sold its remaining shares in its Indian arm AirAsia (India) to Tata's Air India. The Malaysian company sold 16.33% of equity shares in the company. This agreement comes amid AirAsia's return to the skies after the pandemic. The company ran its India operations in partnership with Tata Sons. Tata Sons purchased Air India earlier this year.
