Aviation

Shareholding to remain unchanged at this stage: AirAsia India

DELHI

Amidst speculation that it is looking to raise funds for expanding its operations, budget carrier AirAsia India said on Wednesday that its shareholding remains unchanged at this stage though it needs money.

AirAsia India is a joint venture between Malaysia’s AirAsia Berhard, Tata Sons and Arun Bhatia’s Telestra Tradeplace. The start-up carrier has been in the red since starting operations in June 2014, reports DNA.

Emphasising that the airline’s “operations are going fine”, a company executive said there are not going to be any immediate changes in shareholding pattern.

“Its almost three years now since we are into business here. The airline needs funding but it will come at an appropriate time,” he said on the condition of anonymity.

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