Tata eyes options on AirAsia’s exit
Tata Sons Ltd is considering various options on the future of its airline venture AirAsia India against the backdrop of its Malaysian partner planning to exit it, two people in the know said.
This comes at a time when the Tatas are facing the uphill task of gathering funds to buy out the 18.4% stake that Shapoorji Pallonji Group owns in the Tata group holding firm.
The Tata group, which has the first right of refusal for the 49% stake held by Tony Fernandes-owned AirAsia Bhd in the Indian airline, is weighing at least three alternatives, said the people cited above.
