AirAsia India Stakes Sold for $38 Million

Air India has been in the news recently regarding being sold by the government. Air India, headquartered in New Delhi, India, is the flag carrier airline of the country. It is owned by Air India Limited, a government-owned enterprise, and operates a fleet of Airbus and Boeing aircraft serving 102 domestic and international destinations. Now, there is more airline shares and stockholder news coming from the aviation front – this tie from AirAsia India.

At AirAsia India, Tata Sons is increasing its stake in the airline from 51 percent to 84 percent. AirAsia India is an airline in India headquartered in Bangalore, Karnataka. The airline is a joint venture with Tata Sons and AirAsia Investment Limited. Tata Sons Private Limited is the principal holding company of the Tata Group.