AIX Connect (AirAsia India)
AIX Connect (formerly AirAsia India) is a low cost carrier that commenced domestic services on 12-Jun-2014. The airline 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%.
In Apr-2022, Air India signed an agreement to complete the acquisition of AirAsia Group's remaining 16.33% stake in AirAsia India in Nov-2022. TATA Group plans to merge AirAsia India with Air India Express by the end of 2023.
India's Directorate General of Civil Aviation (DGCA) approved AirAsia India to operate, market and distribute flights under the Air India Express brand name, "prior to the subsequent scheduled legal merger of the two entities". The process of updating the livery of AirAsia India's fleet to Air India Express livery was expected to be completed by Dec-2023, while approval to change AirAsia India's 'I5' IATA code to Air India Express' 'IX' code was expected to be granted by Jan-2024.
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