AirAsia's stock fell 7 per cent to 3.08 ringgit on Wednesday, the lowest closing price since November 28
Air Asia India is a joint venture of Tata Sons and Air Asia in which the Tatas hold a majority stake
In a move that was largely expected, Air Asia India bid goodbye to its second chief executive officer (CEO) Amar Abrol, one and half years before his term ended
Air passenger traffic in India, the world's fourth biggest market, is growing at over 20 percent annually
The airline offers free flights for India medallists at Rio Olympics, Paralympics