AirAsia India now fully owned by Tata Group

Malaysia’s AirAsia on Wednesday said it has entered into a pact with Air India to sell its remaining stake in budget carrier AirAsia India. Tata Group and the Malaysian entity-owned AirAsia India started flying in June 2014.

In a statement, AirAsia Aviation Group Ltd said it has entered into a share purchase agreement to sell the remaining equity shares held in AirAsia India to Air India.