Air India to buy AirAsia India
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Air India has proposed to buy low-cost carrier AirAsia India.
Air India will buy AirAsia’s 16.3% in the airline venture for Rs 139 crore. The remaining stake of 83.7% in AirAsia India is held by Tata Sons.
Tatas begin process to merge AirAsia India with Air India; to house all 4 airlines under one roof at Gurgaon
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its better if air india + air asia + vistara is there as single unit
Singapore airlines too is there!!!
Air Aisa k pass khud ka kitna tha pir?
13% going to AI and 87% agar Tata k pass hai to..
Tata Sons held 84% in Air Asia India and remaining 16% was held by Air Asia though their subsidiary. Now Air India is proposing to buy out Air Asia share. So effectively it will be 100% Tata Sons, 84% directly and 16% through Air India. Then the two can be merged into a single entity.
Tata Sons hold 51% in Vistara. Remaining 49% is held by Singapore Airlines.
Air india should be called Tata Air