Begin typing your search above and press return to search.
exit_to_app
Russia invades Ukraine; unusual military action
access_time 2022-02-24T15:55:36+05:30
Are we helpless against the nuclear threat?
access_time 2022-08-08T09:31:29+05:30
Lord, hear our prayers
access_time 2022-08-06T10:56:59+05:30
Aamir Khans country
access_time 2022-08-05T11:35:43+05:30
DEEP READ
exit_to_app
Homechevron_rightBusinesschevron_rightAirAsia gets Indian...

AirAsia gets Indian government's nod to start new airline

text_fields
bookmark_border
AirAsia gets Indian governments nod to start new airline
cancel

New Delhi/Kuala Lumpur: Malaysian budget carrier AirAsia Wednesday received regulatory approvals from the Foreign Investment Promotion Board (FIPB) for starting a new airline venture in the Indian civil aviation sector with partners like the Tata Group and Arun Bhatia promoted Telestra Tradeplace.

"The good always win. People and companies with good intentions to create jobs and make life of the average man better will always win," an elated Tony Fernandes, Air Asia's Indian origin founder and chief executive, tweeted.

"Thank you all. AirAsia - Tata India airline proposal gets government nod."

In its proposal sent to the FIPB last month, the company had said that it intends to hold 49 percent stake in the venture, which will include industrial conglomerate Tata Group and Telestra Tradeplace.

The Malaysian budget carrier intends to invest anywhere between $30 million to $60 million in the airline venture.

IANS

Show Full Article
TAGS:
Next Story