Friday, 24 March, 2023
AirAsia leaves India, Sells Air India its Last JV Stake
<p>The holding company for Capital A's airline business (formerly known as AirAsia Investment) announced to the stock exchanges on November 2 that it has sold its remaining stake in the airline's India operations to Air India. This indicates that Air India has inked contracts to fully acquire a 100% ownership stake in Air Asia India (AAI) and to subsidiarily reorganize it under Air India. Notably, AAI has also received notices from Indian Tax authorities prior to this agreement.</p>
Read full story at Money Control
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