AirAsia India is a joint venture between Malaysia's AirAsia Berhard, Tata Sons and Arun Bhatia's Telestra Tradeplace. The start-up carrier has been in the red since starting operations in June 2014.
Emphasising that the airline's "operations are going fine", a company executive said there are not going to be any immediate changes in shareholding pattern.
"Its almost three years now since we are into business here. The airline needs funding but it will come at an appropriate time," he said on the condition of anonymity.
Media reports have speculated that Tata Sons could be increasing its stake besides Ratan Tata picking up shares in the airline. This also comes against the backdrop of Arun Bhatia expressing unhappiness over the state of affairs at the low cost carrier.
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When contacted, AirAsia India Managing Director and Chief Executive Officer Mittu Chandilya said, "This is all speculation."
Malaysia's AirAsia Berhard and Tata Sons have 49 per cent and 41 per cent stake, respectively, in the airline. Bhatia has 10 per cent shareholding.
In December last, Bhatia had 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," he had said.