Press Esc to close
Friday 28 November 2014
News updated at 3:48 AM IST
Weather
Max: 0°C
Min : 0°C
In Bengaluru
Sunny day

AirAsia India to start flying from October, bring down fares

New Delhi, July 2, 2013 (IANS)
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
Prime Minister Narendra Modi on his departure after attending SAARC summit...

Prime Minister Narendra Modi on his departure after attending SAARC summit...

A boy salvages for belongings amid the debris of his house in Mumbai...

A boy salvages for belongings amid the debris of his house in Mumbai...

Shyam Benegal with Naseeruddin Shah during the launch of the latter's book...

Shyam Benegal with Naseeruddin Shah during the launch of the latter's book...

Actor turned politician Kushboo with Congress vice president Rahul Gandhi...

Actor turned politician Kushboo with Congress vice president Rahul Gandhi...

An Indian army soldier keeps vigil near Pindi Khattar village...

An Indian army soldier keeps vigil near Pindi Khattar village...

Men play soccer at a field in Peshawar...

Men play soccer at a field in Peshawar...

NorthEast United FC players celebrate their third goal against Chennaiyin FC...

NorthEast United FC players celebrate their third goal against Chennaiyin FC...

An injured soldier is taken to hosp during a gunbattle with militants at Pindi Khattar village...

An injured soldier is taken to hosp during a gunbattle with militants at Pindi Khattar village...

Netanyahu attends the annual memorial ceremony for Israel's first prime minister, David Ben-Gurion..

Netanyahu attends the annual memorial ceremony for Israel's first prime minister, David Ben-Gurion..

Sharif holds hands with  Modi and  Ashraf Ghani during the closing session of the SAARC summit...

Sharif holds hands with Modi and Ashraf Ghani during the closing session of the SAARC summit...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523