AirAsia is cutting down on its investment by 13% in its Indian subsidiary AirAsia India since it is facing financial difficulties. The Tata Group now has more stake in the AirAsia Group and the change in ownership is likely to change the way brand is looked upon. With 87% ownership, Tata is making some significant changes in the airlines like its website. The struggling airlines has reached this point due to stiff competition from its competitors like IndiGo, GoAir and SpiceJet. AirAsia only has 6.6% market share as now.
AirAsia cuts down investment in Indian Subsidiary
