FILE PHOTO: An AirAsia plane is seen parked on the tarmac at Kuala Lumpur International Airport 2 in Sepang, Malaysia December 13, 2017. REUTERS/Lai Seng Sin
BENGALURU - Indian conglomerate Tata Sons is in talks to buy out AirAsia Group Bhd’s stake in their airline joint venture in India at a steep discount, the Business Standard newspaper reported on Thursday, citing banking sources. Tata Sons will likely tie up with other financial investors to acquire AirAsia’s 49% stake in the venture, according to the newspaper.
Malaysian budget carrier AirAsia said earlier in the day that it was in talks to raise more than 1 billion ringgit in funds, a day after its auditor cast doubt on its ability to continue as a going concern.Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Anil D'Silva
Now everyone can fly *but landing isn't guaranteed
Tata Sons in talks to acquire AirAsia India stake at a steep discount.
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