PETALING JAYA: AirAsia Bhd has received formal approval from the Foreign Investment Promotion Board for AirAsia Investment Ltd to invest up to 49% in an Indian joint-venture company.
AirAsia said the company’s prospective partners in the joint venture, Tata Sons Ltd and Telestra Tradeplace Pvt Ltd, had incorporated a joint-venture vehicle AirAsia (India) Pvt Ltd with an initial paid-up capital of five lakhs (RM28,520) on March 28.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!