Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for $37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing. Currently, AAIL, which is a wholly-owned subsidiary of Malaysia-based AirAsia, holds 49 per cent stake in the Bengaluru-based AirAsia India. In a regulatory filing to stock exchange Bursa Malaysia, AirAsia said, "The board of directors of AirAsia wishes to announce that its wholly-owned subsidiary AAIL and Tata Sons Pvt Ltd, India, on December 29, entered into a share purchase agreement."
AirAsia India, whose top officials have promised to offer low and competitive airfares, will focus on connecting tier-II cities to begin with.
Indian athletes are undergoing a unique acclimatisation process at NSNIS Patiala and Bengaluru, spending nights in makeshift shipping container rooms. This initiative by the Sports Authority of India aims to prepare them for the unusual container-style accommodation awaiting them at the upcoming Aichi-Nagoya Asian Games in Japan, ensuring logistical issues do not distract from their performance.
China Southern Airlines is set to resume its Guangzhou-New Delhi passenger service from September 21, ending a six-year suspension. This move is part of a broader normalisation of India-China relations, following recent high-level diplomatic meetings and previous flight resumptions by other carriers.
Air India Group anticipates the delivery of 50-60 new aircraft within the next 18 months, with its ambitious transformation programme progressing despite global challenges like supply chain issues and geopolitical tensions, according to Chief Commercial Officer Nipun Aggarwal.
This is the third enforcement action against a Tata Group airline in over a month.
Japan inaugurated the 20th Asian Games in Nagoya with a vibrant opening ceremony that seamlessly blended advanced technology and rich cultural traditions, despite earlier organisational challenges.
India has once again raised alarms over the escalation in the security situation in the Red Sea area and strongly condemned Houthi strikes targeting Saudi Arabian territory, "including on civilians and economic assets."
The possible change in the airline's earlier decision is apparently due to various factors, the key being its relationship with the state government. Other states are a lot more interested and excited in having it.
Domestic air traffic in India experienced a nearly 12 per cent decline in June, falling to 1.35 crore passengers from 1.53 crore in May, with IndiGo increasing its market share to 66.3 per cent.
The political confidence required to place high-end Japanese aircraft and personnel on Indian soil is itself a data point.
It indicates a level of trust that would have been difficult to imagine when India-Japan defence ties were largely symbolic, explains Varun Arya.
What is pretty clear is that Indian carriers will not allow AirAsia to win the tariff game - its USP.
AirAsia, the largest low-cost airline in Asia, announced the JV with Tatas late February. Last month FIPB had approved the proposal.
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Swamy had written to the Election Commission, the DGCA and the Civil Aviation Ministry not to grant a license to the carrier.
Air India, IndiGo, and Air India Express are temporarily reducing their domestic flights due to surging jet fuel prices and lower travel demand. The airlines are cutting flights by 10 to 22 per cent in the coming months.
Though NOC was issued by the Ministry last week, this was the first formal statement by the AirAsia CEO on microblogging site Twitter.
The FIA termed as 'illegal' the clearances granted to the airline by the Finance Ministry and the Foreign Investment Promotion Board and called the grant of Air Operator's Permit or the flying licence to it 'fraudulent'.
'JRD Tata was a visionary who established civil aviation in India'.
The highlight of the successful BRICS Summit was its ability to deliver a joint statement that all members, including Iran and the United Arab Emirates, embroiled in the war in West Asia, signed.
Budget air-carrier AirAsia has began its three day travel fair, offering 20 per cent discounts on flights across the airline's network.
'It is a blunt and dangerous attempt to pressure India to sign BTA on one-sided terms.'
AirAsia's rival airlines in India have kept themselves super-busy in the past few months -- by moving court against the former's launch, adding flights on the routes where AirAsia is operating, and engaging in a price war.
AirAsia India, whose top officials have promised to offer low and competitive airfares, will focus on connecting tier-II cities.
'Indian aviation sector needs much more investment and new entrants.'
'The way the government behaves, sometimes I ask myself: Are not Tamils Sri Lankans too? Why do you discriminate so much?'
We are back to the 1971 moment with both China and the US supporting Pakistan, asserts Colonel Anil A Athale (retd).
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.
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
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.
Air India has deferred annual salary increments for its staff by at least one quarter and urged a "relentless focus on costs" due to external headwinds like the closure of Pakistan airspace, West Asia conflict, rupee depreciation, and a significant surge in aviation turbine fuel prices, though the airline has assured there will be no layoffs.
Air India has announced a reduction in international flights and temporary suspension of services on six routes, including Delhi-Chicago, due to airspace restrictions and high jet fuel prices.
Google aims to complete the first phase of its 1 gigawatt artificial intelligence (AI) data centre hub in Visakhapatnam by late 2028, with full operations across all phases expected within five years, according to Alexander Smith, Principal of Global Infrastructure and Energy for Asia Pacific at Google.
'One important clarification is that the reported US action is not a blanket cancellation of all US tourist visas.'
The company is looking at putting in one plane every month.
AirAsia has rolled out fares as low as Rs 3,399 for a Visakhapatnam-Kuala Lumpur.
The Federation of Indian Airlines had challenged the aviation regulator's decision this week to issue an operating permit to AirAsia India.
'India was the emirate's largest international source market by hotel guest volume.'
AirAsia has grand plansfor India.
Akasa Air, despite facing headwinds from the West Asia conflict and rising aviation turbine fuel prices, expects to maintain a 30-40 per cent growth trajectory over the next five years and aims for an initial public offering (IPO) within two to four years, according to CFO Ankur Goel.
Ahead of President Vladimir Putin's visit to India for the BRICS summit, Russia has expressed support for New Delhi's peace initiatives to resolve the Ukraine conflict. Discussions between Putin and PM Modi will cover defence, energy, technology, and the repatriation of Indian nationals from the Russian military, alongside addressing trade and investment ties.
