AirAsia sells its remaining equity shares (16.3%) in AirAsia India to Air India, will be merged into Air India Express

AirAsia Aviation Group Limited, the holding company of Capital A’s airline group, has announced it has entered into a share purchase agreement to sell the remaining equity shares held in AirAsia (India) Private Limited to Air India Limited, an affiliate of Tata Sons Private Limited.

The latest agreement comes as AirAsia returns to the skies stronger than ever since the pandemic which allowed the airline to re-examine its strategic objectives to focus on Asean given its strong network and significant presence in the region. To date, AirAsia has flown more than 171,000 flights since January 2022, carrying over 23 million passengers across the Group.

In tandem with the reopening of Malaysia’s international borders in April this year, AirAsia Malaysia (AK) has reinstated its flight connectivity to key destinations in India and more from Malaysia, offering guests from both countries attractive deals and promotions to experience India’s monuments, serene lakes, majestic mountains and many more.

AirAsia India currently flies to 18 destinations with a market share of 5.9%.

Note: AirAsia (India) is now expected to be merged into Air India Express.