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Hitting turbulence: AirAsia reviews joint venture with Tatas, may exit India

Hitting turbulence: AirAsia reviews joint venture with Tatas, may exit India

Malaysia’s AirAsia said it is evaluating its loss-making budget airline joint venture in India with Tata Sons in the wake of the financial distress due to the coronavirus pandemic. “Our businesses in Japan and India have been draining cash, causing the group much financial stress. Cost containment and reducing cash burns remain key priorities evident […]

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