Tata Sons may have to write off Rs 2,600 cr AirAsia India's losses: Report

Tata Sons will likely have to write off Rs 2,600 crore in form of accumulated losses for AirAsia India, which Tata Group-owned Air India has proposed to fully acquire

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BS Web Team New Delhi
Tata Sons will likely have to write off Rs 2,600 crore in the form of accumulated losses for AirAsia India, which Tata Group-owned Air India has proposed to fully acquire and merge with Air India Express, reported The Economic Times on Wednesday. 

No decision has been taken on whether the write-off will be included in the balance sheet of Tata Sons or Air India, ET reported, citing officials aware of the development.

An auditor's report, casting doubts on AirAsia India as a "going concern,"  stated that the airline's net worth has been fully eroded and its liabilities exceed current assets, reported ET. 

First Published: Aug 24 2022 | 09:20 AM IST

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