AirAsia Aviation Group Limited (AAAGL), the holding company of Capital A’s airline group, has entered into a share purchase agreement to sell the remaining equity shares held in AirAsia (India) Private Limited (AAI) to Air India, an affiliate of Tata Sons Private Limited (TSL).
The latest agreement comes as AirAsia returns to the skies since the pandemic which allowed the airline to re-examine its strategic objectives to focus on Asean given its strong network and significant presence in the region. To date, AirAsia has flown more than 171,000 flights since January 2022, carrying over 23 million passengers across the Group.
Group CEO of AirAsia Aviation Group Bo Lingam said, “Since 2014 when we first commenced operation in India, AirAsia has built a great business in India, which is one of the world’s biggest civil aviation markets in the world. We have had a great experience working with India’s leading Tata Group. This is not the end of our relationship, but the beginning of a new one as we explore new and exciting opportunities to collaborate and enhance our synergies moving forward.