Founding investor in AirAsia India, Telestra Tradeplace, plans to sell out of its shareholding in the two-year-old low-cost carrier (LCC). The company will sell its 10% shareholding partially to co-founder Tata Sons, which will take 7.94%, with AirAsia India directors taking the remainder. This will increase Tata Sons’ holding to 49% from its existing stake of 41.06%, but will still leave parent company AirAsia Berhad with a minority share of 49%. Telestra originally took a 21% ...

Subscribe to Access this Entire Article

"Telestra to sell out of AirAsia India " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.