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Tata Sons plotting its exit from AirAsia India venture
Bernama
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July 13, 2020 7:21 PM

NEW DELHI: Tata Sons plans to quit its budget airline venture with AirAsia Bhd as the Covid-19 pandemic batters the aviation business, according to an Indian media report on Monday.
Malaysia’s AirAsia Bhd owns 49% of AirAsia India, the maximum foreign ownership allowed in an Indian airline, while the remainder is held by Tata Sons.