AirAsia India expected to receive $50 million from Tata group

25 Nov 2020 CW Staff

In a recent development, Tata Sons is expected to infuse a sum of Rs 369.5 crore into their AirAsia joint venture. The group which already owns a 51% stake in the airline is carrying out the capital infusion as emergency funding in a bid to keep the carrier afloat in light of all the losses it has incurred.

The Malaysian airline had declared last week that it was reviewing its operations in India, which it runs in partnership with Tata Sons in the country. (Read CW story: AirAsia likely to exit India ops, end JV with Tatas) . This signalled a possible exit of the carrier from the fifth largest economy of the world. Additionally, the troubled airline had reported that their Indian leg of operations has been draining cash, further compounding their financial woes that already stand intensified courtesy of the global travel restrictions that have been set in place on account of Covid-19.

Pointing to difficult operating conditions, the carrier shut down its operations in Japan in the past month. The latest influx of capital that is being carried out by the Tata Sons is expected to be accomplished via a mix of equity and debt. In the process, the group’s take in the Malaysian airline is projected to grow beyond their existing share of 51%.

Bo Lingam, president (airlines) of AirAsia group had mentioned earlier that they were at the receiving end of considerable financial stress owing to their cash-draining operations in India and Japan. Citing the recent closure of AirAsia Japan, he said that they were pushed to review their investment in AirAsia India after having prioritized cost control and burns during these times.

A noteworthy fact is that the launch of AirAsia’s India wing had signified the return of Tatas to aviation, a venture that it had pioneered in the country through disinvestment-marred Air India.

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..