Air India seeks to acquire AirAsia, Tata Group to house all together

IN WHAT marks the beginning of the consolidation of the Tata Group’s aviation portfolio, its newly acquired airline, Air India, has sought approval from the Competition Commission of India (CCI) for the acquisition of its Bengaluru-based sister-airline AirAsia India. Additionally, the salt-to-software conglomerate has chalked up plans to move its five aviation companies — Air India, Air India Express, Vistara, AirAsia India and Air India SATS Airport Services — under a single roof in Gurgaon.

AirAsia India, a low-cost airline which was launched as a joint venture between the Tatas and Malaysia’s AirAsia Group, is 83.67 per cent owned by the Tata Group with the remaining stake being held by the Malaysian company.