AirAsia India is an Indian low cost carrier headquartered in Chennai, India. AirAsia India was established on 28 March 2013 and became the first foreign airline to set up a subsidiary in India. The airline is a joint venture with AirAsia Berhad holding 49% stake in the airline, Tata Sons holding 40.06% and Arun Bhatia holding the remaining 10% through his company, Telestra Tradeplace. Air Asia India commenced operations on 12 June 2014 with Bangalore as its primary hub.
AirAsia is the first foreign airline to set up a subsidiary in India and the company marked Tata's return to the aviation industry after 60 years, having ceded Air India in 1946. As of May 2017, AirAsia India is the fourth largest low cost carrier in India, after IndiGo, SpiceJet and GoAir with a market share of 3.3%.
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