Will take decision on staying invested in India soon: AirAsia CEO Fernandes
AirAsia will soon take a decision on whether the airline wants to stay invested in India or expand in Southeast Asia, the Group’s Chief Executive Officer Tony Fernandes said on Wednesday.
AirAsia Berhad and Tata Sons run a joint venture airline in India. While the Indian venture has not made a profit since its inception in 2014, the Covid-19 crisis has forced the Malaysia-based AirAsia group to review its investment in the country.
Fernandes described the Tatas as a fantastic partner. “Whether we should put money to continue in India or to expand in ASEAN, that’s a discussion I am having with my partners in India,” he said at CAPA, a Centre for Aviation-organised industry event.
