Tata Boosts Airline Portfolio With Larger AirAsia India Stake

AirAsia
Credit: AirAsia India
The Tata group’s purchase of a larger holding in joint venture AirAsia India (AAI) could help spur consolidation in the Indian airline industry as it rebounds from the COVID-19 crisis. Malaysia-based AirAsia confirmed on Jan. 5 that it closed a deal to sell a 32.7% share in AAI to partner Tata Sons...

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