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."
Prime Minister Narendra Modi and Indonesian President Prabowo Subianto have significantly advanced the India-Indonesia Comprehensive Strategic Partnership, securing crucial agreements on defence, critical minerals, and maritime security, including BrahMos missile supply and Sabang port development.
Europe has overtaken Asia as India's biggest arms supplier, reflecting New Delhi's evolving defence procurement strategy.
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 third enforcement action against a Tata Group airline in over a month.
Tata Sons Chairman N Chandrasekaran addressed Air India employees, acknowledging the airline's challenging phase while reaffirming the Tata Group's commitment to its long-term transformation, focusing on service quality, safety, and operational improvements.
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.
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.
A lesson for India is to clearly define objectives beforehand, so that the adversary or other parties do not attempt to mitigate them midway.
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'.
Russia's First Deputy Prime Minister Denis Manturov met with Indian leaders to discuss strengthening bilateral ties in key sectors amidst the escalating conflict in West Asia.
Budget air-carrier AirAsia has began its three day travel fair, offering 20 per cent discounts on flights across the airline's network.
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.
Climate experts explain how El Nino and climate change are intricately linked, with El Nino delaying monsoon onset and climate change intensifying rainfall. This new reality is altering the Indian monsoon's behaviour, leading to short-duration, high-intensity rain spells, especially in western and northwestern regions.
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 Badminton World Federation (BWF) has announced its World Tour Calendar for 2027 and 2028, featuring a 35-tournament global circuit. The India Open Super 750 will see its dates shifted to February 2027 and January 2028, while the Syed Modi India International has been downgraded to a Super 100 event. The new calendar also introduces a 3x15 scoring system and extended competition windows to enhance player welfare and global reach.
The Badminton World Federation (BWF) has announced its World Tour Calendar for 2027 and 2028, featuring a 35-tournament global circuit. The India Open Super 750 will see its dates shifted to February 2027 and January 2028, while the Syed Modi India International has been downgraded to a Super 100 event. The new calendar also introduces a 3x15 scoring system and extended competition windows to enhance player welfare and global reach.
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.
India has strongly protested a US military strike on the commercial vessel Settebello off the Oman coast, which left three of the 24 Indian crew members missing. The US Central Command stated it disabled the Palau-flagged vessel for violating a blockade of Iranian ports.
India has condemned an attack on Kuwait International Airport, which resulted in the death of one Indian national and injuries to several others. The Ministry of External Affairs reiterated its call for an end to targeting civilian populations and infrastructure, while the Indian mission in Kuwait provides assistance to affected nationals.
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.
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
Air India and Air India Express are introducing a fuel surcharge on domestic and international flights due to rising jet fuel prices, impacting travel costs for passengers.
The company is looking at putting in one plane every month.
'The flip side of this is that he won't hesitate to call out India if he thinks its policies are hurting US economic interests or border US foreign policy goals.'
The Ministry of External Affairs (MEA) has stated that Prime Minister Narendra Modi and External Affairs Minister S Jaishankar are actively engaged with world leaders to promote dialogue and diplomacy for peace in West Asia, while also ensuring the safety and well-being of the Indian community in the region.
The Federation of Indian Airlines had challenged the aviation regulator's decision this week to issue an operating permit to AirAsia India.
AirAsia has rolled out fares as low as Rs 3,399 for a Visakhapatnam-Kuala Lumpur.
AirAsia has grand plansfor India.
Brazilian aerospace company Embraer has secured type certification from India's aviation regulator, DGCA, for three of its commercial jets (E195-E2, E190, and E195). This approval, alongside an existing certification for its E175 jet, paves the way for Embraer to expand its presence in India's regional aviation market, supported by a strategic MoU with Adani Defence & Aerospace for a Final Assembly Line in Dholera, Gujarat.
It will focus on the under-utilised airports instead of offering services in main hubs such as Mumbai and Delhi.
Amidst escalating tensions in West Asia, India voices strong concerns over the safety of its nationals and the potential disruption to energy supplies, urging dialogue and diplomacy for a swift resolution.
At the heart of the current controversy is the government's FDI rule
Three groups blame companies of excluding locals from hiring in the country.
Sources in the know confirmed Vistara, the joint venture between Tata Sons and Singapore Airlines, had booked six slots at the airport in New Delhi, adding it was ready to fly once it secured the government's nod.
