Report: Tata Sons plans to raise stake in AirAsia India


It was reported that AirAsia Malaysia group CEO Tan Sri Tony Fernandes(filepic) has been the one selecting the CEO for AirAsia India since the latter started in 2013.

PETALING JAYA: Indian conglomerate Tata Sons is reportedly planning to raise its stake in AirAsia India to become the controlling shareholder in the budget carrier.

According to The Times of India, Tata Sons is looking to buy an additional 2% stake in AirAsia India to raise its interest to 51% as part of a clean-up and consolidation exercise act.

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