New Delhi: AirAsia India's minority shareholder Arun Bhatia has expressed unhappiness over the state of affairs at the budget carrier, saying that decisions are being taken by its Malaysian parent AirAsia.
"If you ask the CEO (of AirAsia India) what is happening, he says sir what can I do? I don't have any information, everything is controlled by Malaysia, that is the situation today.
"I am quite unhappy with whatever is happening," Bhatia, who holds 10 per cent stake in AirAsia India, told television channel ET Now.
The local start-up carrier -- a three-way joint venture -- has been in the red since its started operations last year.
Apart from Bhatia, Malaysia's AirAsia Berhard and Tata Sons are the two other equity holders with 49 per cent and 41 per cent stakes, respectively.
11/12/15 PTI/Economic Times
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"If you ask the CEO (of AirAsia India) what is happening, he says sir what can I do? I don't have any information, everything is controlled by Malaysia, that is the situation today.
"I am quite unhappy with whatever is happening," Bhatia, who holds 10 per cent stake in AirAsia India, told television channel ET Now.
The local start-up carrier -- a three-way joint venture -- has been in the red since its started operations last year.
Apart from Bhatia, Malaysia's AirAsia Berhard and Tata Sons are the two other equity holders with 49 per cent and 41 per cent stakes, respectively.
11/12/15 PTI/Economic Times
