The Indian Air Asia offshoot seems to be spared the fate of its Japanese sister, because major shareholder Tata agreed to transfer additional funds to Air Asia India. This is to avoid the liquidation of this airline. Vistara, in which Tata is also involved, will also receive support.
According to local media reports, US $ 50 million will be made available for Air Asia India. Some of these are to be brought in as owner grants and loans. Tata Sons currently holds 51 percent. The Air Asia Group will not participate, which is why Tata will increase its stake significantly. The Malaysian-based group recently announced that it is talking to the Indian majority owner about selling the shares. With the current capital measure, the first facts are already being created.
Tata Sons and Singapore Airlines will jointly invest $ 79,2 million in the airline Vistara. The shareholding ratios (51 percent / 49 percent) are retained and accordingly the amount of the owner subsidy is also distributed. Singapore Airlines already contributed 169,3 million US dollars this year. How much has flowed from Tata so far is not publicly known. It can be assumed, however, that it was also at least a three-digit million amount in US dollars.