Press Esc to close
Saturday 13 February 2016
News updated at 10:44 PM IST
Weather
Max: 31.9°C
Min : 19.6°C
In Bengaluru
Partially cloudy

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
Bollywood actor Amitabh Bachchan during the flagship ceremony of Land Rover’s delivery...

Bollywood actor Amitabh Bachchan during the flagship ceremony of Land Rover’s delivery...

Actress Priyanka Upendra poses to photographers in ‘Valentines Day’ flower decoration at Jayamahal..

Actress Priyanka Upendra poses to photographers in ‘Valentines Day’ flower decoration at Jayamahal..

Students take part in a Kalash procession during centenary year celebrations of BHU...

Students take part in a Kalash procession during centenary year celebrations of BHU...

Buddhist monks playing their traditional musical instruments to welcome high monks of Kagyu sect...

Buddhist monks playing their traditional musical instruments to welcome high monks of Kagyu sect...

A Performer walks past another at the exhibition centre of the 'Make In India' week in Mumbai...

A Performer walks past another at the exhibition centre of the 'Make In India' week in Mumbai...

Players of India and Pakistan in action during Women's Kabaddi match at the 12th...

Players of India and Pakistan in action during Women's Kabaddi match at the 12th...

Shooters taking part in the final of 50M Women's Individual Rifle event ...

Shooters taking part in the final of 50M Women's Individual Rifle event ...

Pallavi Retiwala and Pooja Chaurushia of India compete in women's Triathlon race...

Pallavi Retiwala and Pooja Chaurushia of India compete in women's Triathlon race...

Gold Medal winner Rani Sarnobat flanked by Silver Medal winner Annuraj Singh (R)...

Gold Medal winner Rani Sarnobat flanked by Silver Medal winner Annuraj Singh (R)...

Gold Medal winner Omkar Singh of India, flanked by Silver Medal winner Kameel Ullah (left)...

Gold Medal winner Omkar Singh of India, flanked by Silver Medal winner Kameel Ullah (left)...

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