From now onwards, all the core operations, including commercial, finance, training and operations of AirAsia India will be directed independently by Tata Sons, not its Malaysian parent, AirAsia Berhad, holding 51 and 49 per cent shares respectively.
This happened after both companies agreed to amend a controversial brand licensing agreement, which was signed in 2013, and handed power and rights to use the AirAsia brand.
However, it was mired in controversy as key decisions needed approval from the parent. Besides, this also raised concerns that the daily management was being handled by foreign nationals. India’s civil aviation regulations mandate the effective control of airlines jointly owned by Indian and foreign entities lie with the Indian firm.
