News > AirAsia reviewing investment in troubled Indian airline JV after Japan unit goes bust

AirAsia reviewing investment in troubled Indian airline JV after Japan unit goes bust

Malaysian low-cost carrier AirAsia Group Bhd. is reviewing investment in its cash-starved Indian affiliate, hours after its Japan unit filed for bankruptcy.

The group has also stopped funding AirAsia India Ltd., Bloomberg News reported last month, leaving the future of the company largely dependent on its 51% shareholder, Indian conglomerate Tata Group. AirAsia Japan had already cancelled all flights, including one between Nagoya and Taipei.