Press Esc to close
Thursday 25 May 2017
News updated at 10:17 AM IST

AirAsia India to start flying from October, bring down fares

New Delhi, July 2, 2013 (IANS) 20:09 IST
Reuters Image
AirAsia is hopeful of making flying in India more affordable by bringing down airfares and improving networks, chief executive officer Tony Fernandes said Tuesday.

He said the company is aiming to launch its operation in India from October.
“We came to apprise the minister about the developments that have taken place,” Fernandes told reporters after meeting Civil Aviation Minister Ajit Singh at his official residence here.

Fernandes along with AirAsia India advisor Ratan Tata and chief executive Mittu Chandilya also held separate meetings with Finance Minister P. Chidambaram, Home Minister Sushilkumar Shinde and Commerce and Industry Minister Anand Sharma in a bid to speed up clearances for the low-cost airline.

Over four months ago the Foreign Investment Promotion Board (FIPB) cleared a proposal for setting up a new airline, AirAsia India.

Malaysian carrier AirAsia has formed a joint venture with Tata Group and Arun Bhatia-run Telestra TradePlace to launch its operation in India. In the joint venture firm, AirAsia controls 49 percent, Tata 30 percent and Telestra 21 percent stake.
The company has already got green signal from the Foreign Investment Promotion Board (FIPB).

Ajit Singh said AirAsia would get all the government clearances soon.
The minister said AirAsia has applied to the civil aviation ministry for a No Objection Certificate (NOC) and given the names of all top new appointees for security clearance to the home ministry.

“They are working on that. When they get security clearance, they will apply to the DGCA. I don't expect that it will take too long,” Ajit Singh said.

Go to Top

Photo Gallery
Soliders carry mortal remains of martyred soldiers -- Havaldar Girish Gurang, Rifleman Rabin...

Soliders carry mortal remains of martyred soldiers -- Havaldar Girish Gurang, Rifleman Rabin...

LJP activists celebrate after Indian Army destroyed Pakistani army posts across the Line of...

LJP activists celebrate after Indian Army destroyed Pakistani army posts across the Line of...

Muslim women hold banners to protest against 'Tripple Talaq' system in Surat...

Muslim women hold banners to protest against 'Tripple Talaq' system in Surat...

Members of All J&K Contractual Lectures (10+2) forum shout slogans during a protest against the...

Members of All J&K Contractual Lectures (10+2) forum shout slogans during a protest against the...

Members of Special Police Officers' Welfare Society during a protest rally in Guwahati on...

Members of Special Police Officers' Welfare Society during a protest rally in Guwahati on...

People from Tribal communities during a protest against Chota Nagpur Tenancy Act (CNT) and...

People from Tribal communities during a protest against Chota Nagpur Tenancy Act (CNT) and...

Street Vendors protest outside the Ranchi municipal corporation in Ranchi on...

Street Vendors protest outside the Ranchi municipal corporation in Ranchi on...

Family members during the last rites of godman Chandraswami at Nigambodh Ghat in New Delhi on...

Family members during the last rites of godman Chandraswami at Nigambodh Ghat in New Delhi on...

Master blaster Sachin Tendulkar along with the Indian cricket team at the screening of film...

Master blaster Sachin Tendulkar along with the Indian cricket team at the screening of film...

A mahout bathes his elephant on a hot summer day in Ajmer, India...

A mahout bathes his elephant on a hot summer day in Ajmer, India...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.