Air India proposes to acquire AirAsia India

Air India proposes to acquire AirAsia India

• By Staff Writer

Tata-owned Air India has proposed to acquire AirAsia India and has sought the deal's approval from the Competition Commission of India. AirAsia India is majority-owned by Tata Sons with a shareholding of 83.67% and the remaining stake is with AirAsia Investment Ltd (AAIL), part of Malaysia's AirAsia Group. Air India and Air India Express were acquired by Tata last year.