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AIRASIA INVESTMENT LTD
AirAsia Co-Founder Tony about to give the world a new airlineTony Fernandes, co-founder of AirAsia X, is set to launch a new airline. This aggressive expansion comes despite rising oil prices. The new...- Budget airlines first to cut flights as jet fuel prices soarRyanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle ...
- AirAsia sells remaining 16.33% stake in India operations to Air IndiaThe Malaysia-based airline will ramp up the focus on Asean countries after COVID impacted its business. It said that India will remain an i...
- Tata may have to write off AirAsia India's lossTata-owned Air India proposes to acquire 100% of AirAsia India and has sought Competition Commission of India approval. Tata Sons owns 83.6...
- 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 ...
- AirAsia India plans expansion; set to induct three more Airbus A320 neos by June 2021On November 17, Malaysia's AirAsia Berhad had said it was reviewing its investment in AirAsia India. Against this backdrop, there have also...
- AirAsia India assures travel agents about its financial sustainability, expansion plansAirAsia India's CCO Ankur Garg, Chief of Sales Ajay Kumar Wadhawan and other team members during a virtual meeting with TAAI assured them a...
- Tatas gaining upper hand in decision-making at AirAsia India, says sourceTatas are gaining upper hand in steering the no-frills carrier with its own executives in most senior positions.
- HC asks CBI to file report on alleging lobbying by AirAsia to get international flying rightsA bench of Chief Justice D N Patel and Justice C Hari Shankar directed the agency to file the report in a sealed cover and listed the matte...
- No violation of FDI norms in approval to set up AirAsia India, Centre tells Delhi High CourtThe government also opposed Swamy's plea seeking stay on AirAsia India's application for an international flying licence, saying it will ta...
- Subramanian Swamy moves High Court seeking direction to CBI, ED to file status report in AirAsia caseThe plea came up for hearing before a bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar which said it will hear it on Oc...
- Agencies to probe whether FIPB favoured AirAsiaThe agencies will examine the role of the Foreign Investment Promotion Board, which vets proposals from overseas, and the time period and p...
- AirAsia India dismisses allegation of bending rules, calls CBI charges 'incongruous'In a statement, the domestic carrier said that allegations regarding indirect foreign control in violation of norms were fully investigated...
- Malaysia's AirAsia invests Rs 115 cr more in AirAsia IndiaEarlier this month, AirAsia India CEO Amar Abrol had said the airline will continue to make investments and expand fleet size to 10 in the ...
- AirAsia India controlled by Malaysian partner claims cofounder Arun BhatiaArun Bhatia alleges that the airline, in contravention of Indian laws, is controlled by its Malaysian parent and he would take up the issue...
- Airline lobby writes to PM for preventing AirAsia take offFIA reiterated that the rationale for allowing investment by foreign airlines in India was to bring in investment into the existing struggl...
- AirAsia: Subramaniun Swamy files PIL in Delhi High CourtSwamy today moved the Delhi High Court challenging the Centre's clearance given to proposed low-cost airline AirAsia India.
- AirAsia gets formal Foreign Investment Promotion Board approvalAirAsia, the largest low-cost airline in Asia, announced the JV with Tatas late February. Last month FIPB had approved the proposal.
- AirAsia incorporates Indian venture; files all papers with MCAThe venture, AirAsia Pvt Ltd, was incorporated as an "Indian non-government company" with its registered office in Mumbai.
- AirAsia gets FIPB nod for setting up new airline in IndiaThere were some ambiguities on whether the revised FDI in aviation rules are applicable to new JVs or only existing companies, sources said.
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