Tata Sons proposes to bring low-fare airline AirAsia India under the Air India umbrella if its bid for the state-owned carrier succeeds, said top executives aware of the plan.

At a later stage, full service carrier Vistara is also likely to be part of a combined entity if Singapore Airlines (SIA), its 49% shareholder, comes on board.

Malaysia's AirAsia Bhd, which owns about 16% of AirAsia India, will exit by March 2022, selling its remaining stake.