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TATA AIRASIA DEAL
CCI approves acquisition of AirAsia India by Air IndiaCCI approved the acquisition of AirAsia India by Air India. It is based on the request made to the Indian Competition Commission, where Air...- Tata Sons to increase its stake in AirAsia India to 83.67%ET reported the deal online early Tuesday evening. Subsequently, AirAsia Berhad made an announcement of its share sale on the Kuala Lumpur ...
- Cash-starved AirAsia stops funding Indian arm, onus now on Tatas to mount a rescueThe airline isn’t at any immediate risk of folding, the people said. India’s aviation minister said over the weekend that AirAsia was shutt...
- Tata Sons in talks to buy AirAsia's 49% in joint venture“AirAsia, because of its financial difficulties, is not keen on infusing capital into the India JV. It wants the JV to take on debt to run ...
- Tata Sons wants to fly out of joint venture with AirAsiaTata is set to exit AirAsia India and run the only full-service private airline, which is Vistara-plus-Jet.
- Cyrus Mistry ‘miserably failed’ to prove AirAsia chargeThe firms submitted that this deal was struck with Hamid Reza Malakotipour, who has been classified as “suspected and UN-sanctioned alleged...
- Tata counsel: Cyrus Mistry irresponsible in linking AirAsia funds to terror"There was not an iota of material data or basis for making such wild and baseless allegations, that too against Ratan Tata,” Tata Sons cou...
- Enforcement Directorate summons AirAsia India's ex-chief Mittu ChandilyaThe ED investigation followed a complaint by BJP leader Subramanian Swamy in which he accused the carrier of "money laundering"The first le...
- AirAsia executives alerted board, Tatas about lapses in business practicesIndian rules allow foreign airlines to own up to 49% in domestic airlines but effective management control must remain with the Indian part...
- AirAsia rues hurdles being put up by vested interests; prays govt will put its customers firstAirAsia today asserted that effective control of its joint venture AirAsia India is with Indian parties and said "vested interests" were tr...
- Tata Sons to hold 49% stake in AirAsia India; Arun Bhatia to exitTata Sons will hike its stake in AirAsia India to 49% by buying additional shares from Arun Bhatia's Telestra which will be exiting the ven...
- Delhi High court rejects plea challenging AirAsia permitThe AOP (Air Operator's Permit or flying licence) granted will be subject to the outcome of the writ petition. The application is disposed ...
- HC agrees to hear plea against flying permit to AirAsia IndiaFIA has filed two separate petitions challenging the approvals being granted to AirAsia India and Tata-SIA Airlines deals respectively.
- Swamy moves EC on issue of licenses to AirAsia, Tata-SIABesides Swamy, FIA has filed two separate petitions challenging the approvals granted to Tata-Airasia and Tata-SIA Airlines deals respectiv...
- Five pilots of Tata-AirAsia quit to join IndiGoExisting airlines with Airbus A-320 fleet like Air India (domestic), IndiGo and GoAir, are fearing large scale poaching by Tata Sons JV air...
- Will not decide on AirAsia deal before December 11: Centre to High CourtThe Centre assured the Delhi High Court that no final decision will be taken on the AirAsia deal till December 11.
- HC notice to Centre on Subramanian Swamy's plea to stay AirAsia operationsSwamy, sought stay of the deal & claimed that govt is scheduled to consider another similar deal between Singapore airlines and Tatas this ...
- Tata-Singapore Airlnes pact was months in the makingTalks started when Ratan Tata was at the helm and continued through the transition period when Cyrus Mistry took over.
- Delhi HC seeks Centre's reply on Subramanian Swamy's plea against nod to AirAsiaThe Delhi HC directed the Centre to respond to a plea filed by Subramanian Swamy seeking quashing of permission given to AirAsia for its op...
- Ratan Tata to be the chief advisor to AirAsia IndiaAggressive pricing would be its trump card; to announce new chairman today
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