Tata’s takeover of the Indian aviation industry continues at pace, with the Competition Commission of India (CCI) today approving its plans to buy the entire equity share capital of AirAsia India. Tata already had a majority stake in the airline, at 83.7%, and will purchase the rest of the holding from AirAsia Investment Limited.
The Tata Group signaled in late 2021 that it was planning to unite Air India Express with the low-cost AirAsia India. The move was the first step to creating a single airline entity in India under the Tata brand, but was subject to clearances by the CCI. With that approval now in place, the road is clear for Tata to press on with its plans.
Since its inception, Tata has been intrinsically involved in the development of AirAsia India. The joint venture was launched in 2014, with Tata holding a 51% stake in the airline. In 2020, Tata upped its share to 83.67%. Now, it is seeking to buy the remaining stake for a reported…
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