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AirAsia India

Low Cost Carrier
Domestic only
In service
IATA: I5
ICAO: IAD

About

AirAsia India is AirAsia Group's brand for its subcontinent operations. The low cost carrier commenced domestic services on 12-Jun-2014. AirAsia India is based at Bangalore Kempegowda International Airport with secondary hubs in Delhi and Kolkata. AirAsia India received approval to commence international services in Feb-2022.

On 29-Dec-2020, AirAsia Group and TATA Group signed an agreement for TATA Group to purchase 490 million AirAsia India shares from AirAsia Group for USD37.7 million. This will increase TATA Group's stake in AirAsia India by 32.67% to 83.67% and reduce AirAsia Group's stake in the LCC from 49% to 16.33%. TATA Group also plans to increase its stake in AirAsia India from 83.67% to 100% by the end of Mar-2022.

In Apr-2022, Air India filed an application with Competition Commission of India (CCI) to acquire "the entire equity share capital of" AirAsia India. The filing noted Air India is "an indirect wholly owned subsidiary of" TATA Group, which also owns an 83.67% stake in AirAsia India. TATA Group proposes to purchase AirAsia Group's remaining 16.33% stake in AirAsia India. 

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