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TATA GROUP AIRASIA
AirAsia sells remaining stake in India biz to AIAirAsia India's journey started in 2014 when the Tata Group joined hands with Tony Fernandes, owner of the AirAsia Group, to enter the low-...- AirAsia sells remaining 16.33% stake in India operations to Air IndiaThe Malaysia-based airline will ramp up the focus on Asean countries after COVID impacted its business. It said that India will remain an i...
- Tata may have to write off AirAsia India's lossTata-owned Air India proposes to acquire 100% of AirAsia India and has sought Competition Commission of India approval. Tata Sons owns 83.6...
- Tata Group plans to bring all its airlines under a single entity post Air India acquisitionThe group has been very clear that if and when the Air India acquisition is done, the strategy is to have one entity. Scale up the game and...
- Tata Sons to increase its stake in AirAsia India to 83.67%ET reported the deal online early Tuesday evening. Subsequently, AirAsia Berhad made an announcement of its share sale on the Kuala Lumpur ...
- Tatas to stop paying dues to AirAsia if airline fails to invest in JV by December 31AirAsia India, a 51:49 JV where Tata is the controlling shareholder, owes AirAsia Berhad Malaysia ₹489 crore as per its latest available fi...
- AirAsia may exit India, end JV with Tata SonsMalaysian carrier AirAsia said on Tuesday that it is reviewing its India operations run in partnership with Tata Sons, signalling a possibl...
- Cash-starved AirAsia stops funding Indian arm, onus now on Tatas to mount a rescueThe airline isn’t at any immediate risk of folding, the people said. India’s aviation minister said over the weekend that AirAsia was shutt...
- AirAsia India only getting funded by Tatas, not Malaysian parentThis comes amidst rumours that Tatas are in talks to give an exit to AirAsia Berhad. Until recently, there were differences in valuation.
- Tata Sons in talks to buy AirAsia's 49% in joint venture“AirAsia, because of its financial difficulties, is not keen on infusing capital into the India JV. It wants the JV to take on debt to run ...
- Auditors of Tata Sons raise concerns about AirAsia India, Tata Steel Europe businessesRaises concerns about the ability of companies to continue as ‘a going concern’. AirAsia India’s losses widened to Rs 332 crore in the quar...
- Tatas gaining upper hand in decision-making at AirAsia India, says sourceTatas are gaining upper hand in steering the no-frills carrier with its own executives in most senior positions.
- AirAsia India to start daily flight on Delhi-Jaipur route from Oct 20AirAsia India is a joint venture between Tata Sons Limited and AirAsia Investment Limited.
- Tatas raise stake in AirAsia India to 51%This is the first time since the airline’s inception in 2014 that Tata group has become the largest shareholder.
- Venkataramanan will stay on AirAsia Board, says Tata SonsVenkataramanan has been named by the CBI for alleged manipulation of government policies to get licence to fly international routes.
- AirAsia's alleged fraudulent transactions come under CBI lensCBI sources said the agency is scrutinising material about the allegations and a final call to register a preliminary enquiry or an FIR wil...
- AirAsia executives alerted board, Tatas about lapses in business practicesIndian rules allow foreign airlines to own up to 49% in domestic airlines but effective management control must remain with the Indian part...
- AirAsia India appoints TCS' S Ramadorai as ChairmanS Ramadorai is the Non-Independent, Non-Executive Vice Chairman of TCS. On May 15, AirAsia announced the name of its new CEO Mittu Chandily...
- Ratan Tata to be the chief advisor to AirAsia IndiaAggressive pricing would be its trump card; to announce new chairman today
- Ratan Tata to be chief advisor to AirAsia India board"Persuading Tata to be advisor has not been easy. Critical, we have someone of his massive experience to help me chart Airasia India," Tony...
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