Tata Sons will likely have to make a provision of ₹2,600 crore as accumulated losses for AirAsia India, which it proposes to absorb into Air India and merge with no-frills unit Air India Express, said people with knowledge of the matter. An auditor’s report has cast doubt on AirAsia India as a “going concern,” stating that its net worth has been fully eroded and its liabilities exceed current assets.
