Tata edge in Air Asia
The Tatas are gaining an upper hand in steering no-frills carrier Air Asia with executives from the conglomerate helming most senior positions, according to a source.
A joint venture, majority-owned by the Tatas, the airline’s other shareholder is Malaysia’s AirAsia group. The carrier, which commenced flights nearly six years ago, flew 8.78 lakh passengers garnering a 6.8 per cent domestic market share in November.
Over the years, there have been concerns raised in certain quarters about the alleged role of the Malaysian partner having a bigger say in various matters related to AirAsia India.
