Air India to buy AirAsia India as Tatas kick off 4-airline consolidation

In what will be its first M&A under new owner Tata Sons, Air India has proposed to buy low-cost carrier AirAsia India, according to an application with the Competition Commission of India (CCI). The move will see Malaysia's AirAsia exiting the airline venture nine years after it entered India with high hopes.

from Times of India https://ift.tt/9o3Zta0
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