Tata Sons, which owns a 51 percent stake in AirAsia India, is poised to infuse around $50 million as an emergency finding in the loss-making carrier to keep it flying. Last week, Malaysian carrier AirAsia said it was reviewing its India operations run in partnership with Tata Sons indicating a possible exit from the world’s fifth-largest economy. Plus, the embattled Malaysian budget carrier mentioned that the India operations have been draining cash, adding to its financial difficulties aggravated by the pandemic-related disruptions on global travel.

                          

Last month, AirAsia shut operations in Japan citing tough high challenging operating conditions. Earlier several news reports surfaced that Tata Sons’ parent was in talks to buy AirAsia Group’s stake.

Tata Sons' latest capital infusion would be done through a mix of debt and equity could see the Tata group’s stake in Air Asia India grow beyond the existing 51 percent, two people with knowledge of the matter told on condition of anonymity. The $113 billion salt-to-software conglomerate will remain invested in AirAsia India, and it may find an appropriate partner to invest in the carrier in the future, the business daily quoted one of the two people aware of the matter as saying.