AirAsia India is a joint venture between Malaysian low-cost airline AirAsia Berhad, Tata Sons and Arun Bhatia’s Telestra Tradeplace.
Apart from Air Asia Tata Sons also holds 51 per cent stake in full-service airline Vistara a Joint venture with Singapore Airlines.
About Air Asia:
AirAsia is the first foreign airline to set up a subsidiary in India (after 49% FDI was allowed in civil aviation sector) with Tata Sons who re-entered in aviation business after a long gap of 60 years. It had started Tata Airlines in the 1930s that later became Air India and was subsequently nationalized.