AirAsia

The first shot in this war of extremely low prices was fired recently with most airlines commencing their sales offers. The development comes around a year since Covid-19 lockdown devastated the sector. Industry insiders, however, now believe that the roll-out of anti-Covid-19 vaccination programme will give a boost to air travel.

The budget airline is a JV in which Tata Sons owns 51 per cent stake, while 49 per cent is held with AAIL. After the transaction, Tata's shareholding will go upto 83.67 per cent, while that of AAIL will come down to 16.33 per cent. In a regulatory filing made to Bursa Malaysia, AirAsia Group Berhad said the transaction via a share purchase agreement with Tata Sons was agreed by AAIL's Board.