New Delhi, April 27
Tatas-owned Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission of India (CCI) for the proposed deal.
AirAsia India is majority owned by Tata Sons Private Ltd with a shareholding of 83.67% and the remaining stake is with AirAsia Investment Ltd, which is part of Malaysia’s AirAsia Group.
Air India and its low-cost subsidiary Air India Express were acquired by Talace Private Limited, a wholly owned subsidiary of Tata Sons Private Ltd, last year. Besides, Tatas operate full service airline Vistara in a joint venture with Singapore Airlines.
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