AirAsia India Ltd’s future may now depends on Indian conglomerate Tata Group, its majority shareholder, which has provided emergency funding but has yet to commit to a full rescue.
DELHI: AirAsia Group Bhd has stopped funding its Indian affiliate as the global travel slump leaves the group struggling to support a sprawling empire of no-frills airlines, according to sources.
AirAsia India Ltd’s future may now depends on Indian conglomerate Tata Group, its majority shareholder, which has provided emergency funding but has yet to commit to a full rescue, according to the sources.
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