AirAsia India ‘draining cash’; reviewing investment in joint venture: Malaysia’s AirAsia Group
Indicating possible exit, Malaysia’s AirAsia Group Berhad on Tuesday said it is reviewing its investment in low-cost carrier AirAsia India, which has been “draining cash” and causing much financial stress.
AirAsia India — a joint venture between AirAsia Investment Ltd and Tata Sons that started operations more than six years ago — has been facing headwinds for quite sometime.
