AirAsia Aviation Group (AAAGL), the holding company of Capital A's airline group, on Wednesday announced it entered into a share purchase agreement to sell the remaining equity shares held in AirAsia India to Air India, an affiliate of the Tata Sons Group.
The SPA may be terminated by TSL if the closing does not occur prior to the 'Long Stop' date of 31 March 2021, if mutually agreed in writing by all parties.
As per the reports, the notice was sent to AirAsia India's Head of Operations, Manish Uppal.
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