The Tata Group will hold 30% in the joint venture, while Telestra Tradeplace will have a 21% stake. The remaining 49% will be owned by AirAsia.
Ratan Tata, chairman emeritus of Tata Sons, said India’s approval of the airline project “reflects the true investor-friendly policies of the government. This and other similar actions will, without doubt, reinforce investor confidence in India.”
A320neo photo: AirAsia