The Tata Group-owned Air India has announced to fully acquire budget Airline Air Asia India. The process of acquisition will take up to 1 year and is expected to finish by the end of 2023. Air India said a working group has been formed to evaluate and execute the integration of the AI Group's low-cost operations, which will be co-led by Sunil Bhaskaran, chief executive officer and managing director, AirAsia India, and Aloke Singh, CEO, Air India Express. The working group will report to a committee chaired by Air India MD and CEO, Campbell Wilson. This is a key step in the rationalisation and transformation of the Group, and we will be working closely with the management teams and staff throughout the process. Source: Investing.com #AirAsia #TataGroup