Tata Group may increase stake in AirAsia India and plans to Rebrand it
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Tata Group, which was reportedly in talks with AirAsia’s parent company AirAsia Group Berhad last week for a $50 million emergency funding to keep the carrier flying in India, is now planning to raise its stake in AirAsia India to more than 76 percent.
Questions & Answers
Q.What is the new planned stake percentage for Tata Group in AirAsia India?
What is the new planned stake percentage for Tata Group in AirAsia India?
Tata Group is now planning to raise its stake in AirAsia India to more than 76 percent. This follows reports that the group was in talks last week with AirAsia’s parent company.
Q.What was the purpose of the reported talks between Tata Group and AirAsia’s parent company last week?
What was the purpose of the reported talks between Tata Group and AirAsia’s parent company last week?
The reported talks last week concerned $50 million in emergency funding for AirAsia India. This funding was intended to keep the carrier operating in India, according to the article.
Q.Which company is AirAsia India's parent company?
Which company is AirAsia India's parent company?
AirAsia India's parent company is AirAsia Group Berhad. Tata Group was reportedly in talks with them recently regarding emergency funding and a potential stake increase.
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