May 7th, 2019

Tatas raise stake in AirAsia India to 51%

Tata Group raised its stake in AirAsia India to 51% and injected 5b rupees together with AirAsia Investments to fund the carrier’s international expansion plans, the Economic Times reports, citing two unidentified people familiar with the matter.

* Tata Group also holds controlling stake in Vistara

* Vistara and AirAsia have both applied for approval to fly international routes

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