The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules to get licenses for international operations
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
CEO Mittu Chandilya said AirAsia will retain the Rs 990 fare even when the company goes for expansion of new routes.
AirAsia's irreverent chief talks about his India connections and how he dodged the medical and auditing professions before he built his budget airline.
With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013.
Sanjiv Kapoor questions the rival's change in strategy and claims of full load.
Ending its uncomfortable journey in India after eight years, Malaysia-based AirAsia Group on Wednesday said it has exited AirAsia India by selling its remaining 16.67 per cent stake to Tata Group-owned Air India for Rs 155.64 crore. Later in the day, Air India said it has begun the process of creating a single low-cost carrier subsidiary by merging AirAsia India and Air India Express. A working group consisting AirAsia India CEO Sunil Bhaskaran and Air India Express CEO Aloke Singh has been formed for the two carriers' integration, which is expected to take approximately 12 months, it added.
Air Asia's difference approach has been developing a portfolio first. We were the first airline to fly to Trichy and then after going to newer and uncharted markets.
Tata group-owned AirAsia India's inability to get approval for international flights is hurting UDAN, the Indian government's regional air connectivity project that also aims to link cities in Northeast India and Odisha to places abroad. Sources said the civil aviation ministry is waiting for the low-cost airline to come under the full ownership of Tata Sons and become part of Air India, the former state-owned carrier now owned by the private conglomerate, before allowing it to operate international flights. Tata owns 84 per cent stake in AirAsia India and it is understood that the group will complete the process of buying rest of the stake by July's end.
AirAsia will expand its network across ASEAN.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
Ticket sales to open from Friday, says group CEO Tony Fernandes
AirAsia India, whose top officials have promised to offer low and competitive airfares, will focus on connecting tier-II cities to begin with.
This is the first time that AirAsia chief has raised concerns about the dual airline strategy of the Tata group, his partner.
India's new low-cost airline plans to go to Northeast.
Company chief Tony Fernandes said the name of Chairman for AirAsia India board would also be disclosed soon
Tony Fernandes had blamed Indian domestic carriers for preventing AirAsia's India launch earlier, too, but this was the first time he named an airline.
Over four months ago the Foreign Investment Promotion Board cleared a proposal for the setting up of a new airline, AirAsia India, by Malaysian carrier AirAsia which has joined hands with the Tata Group and Arun Bhatia of Telestra TradePlace in a 49:30:21 joint venture partnership.
It will focus on the under-utilised airports instead of offering services in main hubs such as Mumbai and Delhi.
AirAsia India on Monday moved closer to getting off the ground by appointing S Ramadorai as its Chairman, ending months-long suspense and having in place the entire top management team.
Hopeful of launching flights in India in next 2-3 months, Air Asia chief Tony Fernandes says that the airline would introduce 'dramatically' low fares in the country, which would be cheapest in the market and take air travel to masses.
Champions Manchester United topped the table for English Premier League television income in 2012-13, raking in almost 61 million in the final year of the current three-year contract, the League said on Tuesday.
Mittu Chandilya has promised himself and AirAsia chief Tony Fernandes that through the next four-five years, India operations would be the largest among those of AirAsia subsidiaries.
AirAsia's Fernandes says CEO for India will be an Indian; proposed airline firm with Tata may hit ministry hurdle
Born to a Goan father, with a childhood partially spent in Kolkata -- where he attended La Martiniere school, also Kingfisher chief Vijay Mallya's alma mater -- the Malaysia began his career with another aviation legend, Richard Branson, albeit in a very different business.
Air Asia will hold 49 per cent and the remaining will be owned by Tata Sons and Telestra Tradeplace Pvt.
Queens Park Rangers chairman Tony Fernandes believes he has been "exploited" in what has been a "tragic" season for the relegated Premier League club, he told the BBC on Saturday.
In an email, a SpiceJet spokesperson said: "A few foreign airlines/investors have evinced interest in SpiceJet. It will be very premature to comment on the possibilities of any fresh equity issuance to such interested parties."
Richard Branson will take to the skies as an airline stewardess on a charity flight next month to finally fulfil a bet with aviation rival Tony Fernandes over the fortunes of their teams in the 2010 Formula One season.
In the initial phase, it would concentrate on destinations in south India, and on providing connectivity to small towns.
AirAsia will be the first airline to have Chennai as a hub and would focus on tier-II and III cities in South India.
A new Indian airline, proposed to be launched by the Tata Group, AirAsia and another Indian investor, is likely to start operations by the fourth quarter of this year with about $50 million initial investment by the Malaysian budget carrier.
The company is looking at putting in one plane every month.
Unlike Malaysia where the airline did not have competition from other LCCs, its new market in India has quite a few thriving players, making it a late entrant.
Mittu Chandilya wants to bring a new meaning to flying for Indians.
Loyalty and football are two words that do not often go together, but after watching his side climb off the bottom of the Premier League table with victory over Aston Villa, Queens Park Rangers owner Tony Fernandes is standing by manager Harry Redknapp.
Air Asia is partnering with Tata Sons and little known Arun Bhatia for their India entry.
A few days after the government made the crucial policy announcement, Tony Fernandes, chief executive officer of Air Asia, the largest low-cost carrier in Southeast Asia, said he would visit India this month.
New Queens Park Rangers (QPR) owner Tony Fernandes has revealed his interest in recruiting former England football great and LA Galaxy midfielder David Beckham through a Twitter, posting.
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