Tata Sons Might Exit AirAsia Looking at Continuity Concerns of the Airline
Yesterday we reported that Tata Sons may completely buyout the AirAsia Group Berhad. But it looks like that is not going to happen after all. According to some reports, Tata Sons is planning to exit from the group. As of now, the Indian conglomerate owns 51% of the AirAsia Group Berhad. AirAsia has had to go through a series of losses. Its financial reports are nothing but a nightmare for the investors of the airline. Tata Sons, the majority stakeholder in the airline may sell its stake. AirAsia approached the Indian conglomerate back in June to sell its 49% stake, but the deal didn’t seem quite attractive to Tata Sons.
Also Read – AirAsia Group Berhad Might Be Acquired By Tata Sons Completely
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