Malaysia's AirAsia Group reviewing India investment, hints at possible exit

Malaysia's flagship budget carrier AirAsia Group Bhd has given its strongest indication to date that it could exit India, saying on Tuesday it was reviewing its investment in a joint venture airline there.

The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group's financial stress. "Cost containment and reducing cash burn remain key priorities evident by the recent closure of AirAsia Japan and an ongoing review of our investment.....

This article is no longer available in our repository.

There could be multiple reasons for this.