AirAsia says deal not violative of shareholder agreement.
Doomed AirAsia jet's fuselage was found on Wednesday raising hopes of retrieving the remaining bodies of the 162 people killed in the tragedy, as investigators downloaded the contents of black box recorders and were likely to crack the crash's mystery soon.
The tail section of the AirAsia flight that went down more than a week ago was found on Wednesday in the Java Sea, raising hopes that the plane's black boxes might soon be recovered to determine the cause of the mysterious crash.
The search for the missing AirAsia flight QZ8501 carrying 162 people in the Indonesian waters met a dead end on Monday.
Will build on its existing strengths. Plans to include more fuel-efficient A-320 N and offer better connectivity.
India's new low-cost airline plans to go to Northeast.
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.
AirAsia's Rs 5 basic fare offer has triggered competition and criticism from rivals, with market leader IndiGo launching a Rs 1 basic fare on AirAsia's inaugural routes and SpiceJet Chief Operating Officer Sanjiv Kapoor questioning the silence of the Directorate General of Civil Aviation (DGCA) on the price war.
A bench of Chief Justice N V Ramana and Justice Manmohan issued notice to Civil Aviation Ministry, DGCA and others and sought their response by October 30.
Domestic air traffic rose 4.8 per cent on an annual basis to 126.48 lakh in February, while more than 1.55 lakh passengers were affected by flight delays during the same period, according to official data released on Friday. In February, Air India's market share rose to 12.8 per cent from 12.2 per cent while that of IndiGo marginally dipped to 60.1 per cent from 60.2 per cent in January. The domestic air traffic climbed to 126.48 lakh in February compared to 120.69 lakh in the year-ago period, the Directorate General of Civil Aviation (DGCA) said.
Both parties will discuss the issues and there will be a meeting again on May 28, he said.
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.
This was good enough for Fernandes to hire Chandilya to lead his India business.
Discontent has been brewing among a section of the cabin crew at the low-cost carrier for some time now, especially after the start of the process of merger of AIX Connect, formerly AirAsia India, with itself.
The bookings under the offer, which commenced on Monday, can be made till March 2 and will go on till March 2 for the travel period from October 1 to April 30 next year, AirAsia said.
The multinational search for the missing AirAsia flight entered the third day on Tuesday after a futile day-long scanning of the JavaSea where the Airbus 320-200 is believed to have gone down with 162 passengers and crew.
Last week, AirAsia launched a daily Airbus A-330 flight from Delhi to Kuala Lumpur at a basic fare of, hold your breadth, just Re 1 for two days.
India's domestic air passenger traffic nearly doubled to 1.25 crore in January compared to 64.08 lakh recorded in the year-ago period, according to official data released on Monday. In January, IndiGo saw its domestic market share decline for the fifth consecutive month at 54.6 per cent. It carried 68.47 lakh passengers last month.
There is good news for Malaysian travellers, as the low-cost carrier AirAsia is giving away a million free seats to more than 70 destinations in China, India, Taiwan, Indonesia and Thailand.
The tickets will be available on the airline's site and will remain open on August 7 and 8. The cost of a ticket on Delhi-Kuala Lumpur sector wilh surcharge will be Rs 476.
The controversial 5/20 rule required an airline to have five years of domestic operations and 20 aircraft in its fleet to be able to fly abroad.
The proposal was cleared by the Foreign Investment Promotion Board, Finance Ministry said in a statement.
Amid reports of sighting of more debris by a Russian search team, divers on Tuesday recovered two more bodies from choppy waters in the JavaSea, though there was still no trace of the crucial black box of the crashed AirAsia aircraft that crashed nine days ago.
Rescuers hunting for the crashed AirAsia plane on Friday detected 'pings' believed to be from its crucial black box, a top Indonesian official said, raising hopes of unravelling the mystery of the deadly crash.
AirAsia, which is a joint venture between Tata Sons Ltd, TelestraTradeplace currently flies from Bengaluru to Chennai, Kochi, Goa and vice versa.
The first funeral for a victim of AirAsia Flight QZ8501 was held on Thursday, as officials vowed an 'all out effort' to recover the other passengers' bodies from the sea.
An AirAsia flight from Indonesia to Singapore with 162 people aboard reportedly went missing on Sunday morning after losing contact with air traffic controllers.
AirAsia recently said it would set up a 49:30:21 joint venture with the Tata Sons and Telestra Tradeplace of Indian investor Arun Bhatia to launch a new Indian airline.
The infusion will help the airlines plan their next rounds of operations as easing of 5/20 norms
Civil aviation ministry raises procedural issues in FIPB meeting.
The first officer, not the captain, was flying AirAsia Flight 8501 when it crashed.
AirAsia India, whose top officials have promised to offer low and competitive airfares, will focus on connecting tier-II cities to begin with.
The company is looking at putting in one plane every month.
Mittu Chandilya wants to bring a new meaning to flying for Indians.
Rescuers on Sunday recovered another body and a fifth large object belonging to the doomed AirAsia jet in the JavaSea as they continued to scour the choppy waters for the eighth day.
AirAsia is expanding its distribution network and increasing its offline travel partners.
AirAsia India, whose top officials have promised to offer low and competitive airfares, will focus on connecting tier-II cities.
The sister of Remi Plesel, the French co-pilot of the doomed AirAsia flight QZ8501, said that aviation was his passion.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances