AirAsia leaves India by selling its remaining interest to Air India

8 years after taking off, Malaysian low-cost carrier AirAsia said that it had completely left India by selling its remaining 16.33% stake to Tata Group for Rs 155.64 crore.

[{"selector":"#anim-f63c09cf-597a-4a6e-a373-3581c0a21ca9","keyframes":{"transform":["translate3d(-117.26385%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-986ba37e-1105-477e-b25f-ac1faa3a6699","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e0fd7405-88ff-453b-a93c-8b7ac43be4f7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-71655b57-bbc2-436f-91a8-71166e31c2bd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(56.87499988622573%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Learn more

Air India declared that the integration of AirAsia India and Air India Express to form a single low-cost carrier has begun.

[{"selector":"#anim-573ab08e-ba98-4d1f-9a83-6aaf246a5367","keyframes":{"transform":["translate3d(-127.23881%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65c0c06d-fbbe-4bc1-86ea-c7866c47ef28","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3cdf6be6-0fb4-4842-9444-8913e8ecc9ab","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4eb11624-c20b-4a1e-9df3-80e6cdc4855c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(27.851562404002962%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more

These two airlines will be merged as part of the restructuring roadmap being envisioned for the Tata Group's airline business

[{"selector":"#anim-00f8d233-7d5b-4109-8f6e-11d9400cc963","keyframes":{"transform":["translate3d(-126.86568%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2b619a23-330f-450a-b989-34c94785124b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9208de80-12e7-4590-bde5-162b935196d3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-f8863e98-a383-4ca2-a409-b2abe663df65 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.94805896820143%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more

This is expected to bring customer, revenue, cost, and operational benefits through a broader adoption of each airline's best practises

[{"selector":"#anim-6501e72f-b8ad-4df6-864f-a0a4012bb8d1","keyframes":{"transform":["translate3d(-126.86568%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-401c4c3b-4c8d-46e2-bb6a-6e66e7119220","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d81d0378-38af-4fc3-8cfb-7a2cdd8455b0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-05f39722-3c6d-4eaf-893f-965e3876c8ef [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-25%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

Air India, will receive the working group's findings. According to AI, the integration will take about a year.

[{"selector":"#anim-48775c56-a4f1-4d57-a8b3-aa2f10f14046","keyframes":{"transform":["translate3d(-127.23881%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7fad1e26-06e0-43e0-97be-aeac49a08c09","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d236ccb5-55ab-4d48-b837-e6f5e03172f7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-f109aa3a-4303-4dfe-bcfc-05cb09448191 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.11666655971885%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more

The CEO and MD of Air India, Campbell Wilson, stated, "We are thrilled to start the formation of a unified Air India Group low-cost carrier.

[{"selector":"#anim-a67c4367-99be-4d8a-b618-a81515b87cf3","keyframes":{"transform":["translate3d(-127.23881%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da9ccaa5-6dee-46f6-8a17-d81800f129aa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-894dda5a-a0af-4fb1-a273-cfe91903de2e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-3cd18322-a272-424b-a168-039e74a931a4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(57.73437487200393%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Learn more

We also anticipate the numerous new opportunities that a stronger AI Group low-cost carrier will present to both customers and employees.

[{"selector":"#anim-43623793-037a-467e-8041-6ca60743cf2b","keyframes":{"transform":["translate3d(-126.86568%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-735fafe6-85d5-49d0-ba06-d6da24fb0038","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3c42fc58-6a05-4cbf-9e36-131b7be0c25e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-81cda90d-8277-4dc5-a017-7534daa7e8b1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-8.022534918098836%, 12.43781094527363%) scale(1.2487562189054726)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Learn more

The acquisition of Air India's remaining 16.33% ownership of AirAsia India had already received approval from the Indian Competition Commission

[{"selector":"#anim-b7d37dbc-4f54-4c72-8f32-9ec7805e6cd4","keyframes":{"transform":["translate3d(-120.81912%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66afe09d-cf6f-42b9-b498-d30ba73bf4f3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1a862ac0-0b0b-45d2-9629-82888b9d4f2f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-c8307492-7f49-47a1-b9b4-64f076f6107c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(19.791666552892394%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Learn more

The Covid-19 pandemic, according to Kuala Lumpur-based AirAsia, forced it to reevaluate its goals and shift its attention to the Asean regions.

[{"selector":"#anim-b9559262-f6c5-444b-8c9b-60270f4894b8","keyframes":{"transform":["translate3d(-108.63095%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-025b4bd0-cfb3-43d5-9ffe-8fbc23d4f5d6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da76adb7-7121-4a51-914d-790f169c55aa","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-823a7b5e-a6db-4b4c-9b83-1e40fa3547b1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(26.093749904002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more

Singapore Airlines revealed last month that the Tata Group and it were in discussions about possibly merging Vistara and Air India

[{"selector":"#anim-d6ef9daf-6a1b-4495-8f49-942bcab61f60","keyframes":{"transform":["translate3d(-119.12751%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7bb3ff1-fabe-4e4c-9c9c-a99eaf2372dd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1eb8f071-fdc1-4fe1-88a7-3f3af5ca0974","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-13c083bb-ce4f-4b4c-b774-4b90a1ae5351 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(8.586639864841484%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more

AirAsia leaves India by selling its remaining interest to Air India

Credit: Google

8 years after taking off, Malaysian low-cost carrier AirAsia said that it had completely left India by selling its remaining 16.33% stake to Tata Group for Rs 155.64 crore.

Credit: Google

Air India declared that the integration of AirAsia India and Air India Express to form a single low-cost carrier has begun.

Credit: Google

These two airlines will be merged as part of the restructuring roadmap being envisioned for the Tata Group's airline business

Credit: Google

This is expected to bring customer, revenue, cost, and operational benefits through a broader adoption of each airline's best practises

Credit: Google

Air India, will receive the working group's findings. According to AI, the integration will take about a year.

Credit: Google

The CEO and MD of Air India, Campbell Wilson, stated, "We are thrilled to start the formation of a unified Air India Group low-cost carrier.

Credit: Google

We also anticipate the numerous new opportunities that a stronger AI Group low-cost carrier will present to both customers and employees.

Credit: Google

The acquisition of Air India's remaining 16.33% ownership of AirAsia India had already received approval from the Indian Competition Commission

Credit: Google

The Covid-19 pandemic, according to Kuala Lumpur-based AirAsia, forced it to reevaluate its goals and shift its attention to the Asean regions.

Credit: Google

Singapore Airlines revealed last month that the Tata Group and it were in discussions about possibly merging Vistara and Air India

Credit: Google

Read More Stories

Click Here