AirAsia Group CEO Tony Fernandes speaks at a press conference in Sydney on March 12, 2015. - AFP
KUALA LUMPUR (Reuters): Malaysia’s flagship budget carrier AirAsia Group Bhd has given its strongest indication to date that it could exit India, saying on Tuesday (Nov 17) it was reviewing its investment in a joint venture airline there.
The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group’s financial stress.
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