SINGAPORE (April 18): Tata Group raised its stake in AirAsia India to 51% and injected 5b rupees together with AirAsia Investments to fund the carrier’s international expansion plans, the Economic Times reports, citing two unidentified people familiar with the matter.
* Tata Group also holds controlling stake in Vistara
* Vistara and AirAsia have both applied for approval to fly international routes
* Tata Group, AirAsia and AirAsia India did not respond to ET’s requests for comment