Here is a brief recap of some corporate announcements that made news on Wednesday (Nov 2), involving Kossan Rubber Industries Bhd, Maxis Bhd, Axiata Group Bhd, Capital A Bhd, AirAsia X Bhd, Aeon Credit Service (M) Bhd, Kelington Group Bhd, Inta Bina Group Bhd, Media Prima Bhd and Carimin Petroleum Bhd.
Air India on Wednesday said an operational review process is underway to integrate budget carrier AirAsia India with Air India Express and the merger is likely by the end of 2023.
Malaysia s AirAsia on Wednesday said it has entered into a pact with Air India to sell its remaining stake in budget carrier AirAsia India. Tata group and the Malaysian entity-owned AirAsia India started flying in June 2014. AirAsia Sells Remaining Stake in AirAsia India to Tata Group-Owned Air India.