Tata-owned Air India proposes to acquire AirAsia India

April 28: In a bid to consolidate its aviation business under one umbrella, Tata Sons has taken the first step to merge Air India with Air Asia. Tata group, has approached the Competition Commission of India (CCI) for acquiring 100 per cent stake Air Asia India.  AirAsia India is majority owned by Tata Sons Private Ltd with a shareholding of 83.67% and the remaining stake is with AirAsia Investment Ltd, which is part of Malaysia’s AirAsia Group. Air India and Air India Express were acquired by Tata last year.