Tatas may need to pay AirAsia India’s debt

Tatas may need to pay AirAsia India’s debt

The put up Tatas may need to pay AirAsia India’s debt appeared first on TD (Travel Daily Media) Travel Daily.

Tata Sons will seemingly have to make a provision of INR 26 billion (USD 325.69 million) as amassed losses for AirAsia India. The Tata group plans to soak up 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 p.c and AirAsia Investment Ltd, a part of Malaysia’s AirAsia Group, controls the remainder of the stake within the price range service.

No choice has been arrived at but on whether or not the write-off shall be included within the steadiness sheet of Tata Sons or Air India, officers added.

 

 

The put up Tatas may need to pay AirAsia India’s debt appeared first on Travel Daily.


Source link

Leave a Reply

Your email address will not be published.

Translate »