It was a development in the works ever since salt-to-software conglomerate the Tata group took over national flag carrier Air India in January. In a filing with Malaysian stock exchange Bursa Malaysia in early November, AirAsia’s holding company Capital A Berhad—formerly AirAsia Group Berhad—said it had agreed to sell its 16.33 per cent stake in AirAsia India to Air India for $18.83 million.
“Covid-19 has allowed us to re-examine our priorities, and we felt that it was best suited…
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