MUMBAI -- Tata Group-owned Air India will purchase all shares in joint venture AirAsia India and merge it with a low-cost carrier as part of the conglomerate's push to revamp its airline business into a more competitive player.
Business deals
Tata's Air India to buy remaining stake in AirAsia India
Acquired carrier to merge with Air India Express as part of consolidation
AirAsia India is currently ranked fourth in domestic air passenger market share. © Reuters
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