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Tatas may need to pay AirAsia India’s debt

Kanchan Nath

- August 26, 2022

Tata Sons will likely have to make a provision of INR 26 billion (USD 325.69 million) as amassed losses for AirAsia India. The Tata group plans to absorb AirAsia India into Air India and merge it with Air India Express.

AirAsia India is majority-owned by Tata Sons with a shareholding of 83.67 percent and AirAsia Investment Ltd, part of Malaysia’s AirAsia Group, controls the rest of the stake in the budget carrier.

No decision has been arrived at yet on whether the write-off will be included in the balance sheet of Tata Sons or Air India, officials added.

 

 

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Tatas may need to pay AirAsia India’s debt

Kanchan Nath

- August 26, 2022

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats
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