NEW DELHI: The Tata Group is increasing its participation in AirAsia India (AAIPL) from 51% to 83.67%. Tony Fernandes’ AirAsia The group will see its participation in this JV reduced from 49% to 16.33%, accordingly. AirAsia Berhad informed the Malaysian stock exchange on Tuesday about the sale of its 32.67% …
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NEW DELHI / MUMBAI: The Tata Group, India’s largest conglomerate, is believed to have made an expression of interest in troubled national carrier Air India over the weekend. The vehicle used to present the interest in AI is known to be AirAsia India, where Tata sons has a significant majority …
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Tata Group is often singled out by local media as the most likely suitor. (Archive) Ratan Tata is no stranger to flying. When he was 17, the patriarch of India’s largest conglomerate once landed a plane that had lost its only engine in mid-flight. He has also flown the F-16 …
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NEW DELHI: Indian airlines will see 44% fewer departures in their 2020-21 winter schedule compared to the previous year due to covid-related capacity restrictions, India’s aviation regulator, Directorate General said on Sunday of Civil Aviation (DGCA) in a note. There will be 12,983 domestic departures during the 2020-21 winter schedule, …
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