Tata Buys Remaining Stake in AirAsia India, Making the Airline Wholly Owned Subsidiary of AI
The Tata Group now owns 100% of AirAsia India Pvt Ltd (AAIPL), after purchasing the remaining 16.3% stake in AirAsia Berhad for $19 million. Sunil Bhaskaran, MD & CEO of AAIPL, announced in an internal memo to employees on Wednesday…