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.
AirAsia's irreverent chief talks about his India connections and how he dodged the medical and auditing professions before he built his budget airline.
CEO Mittu Chandilya said AirAsia will retain the Rs 990 fare even when the company goes for expansion of new routes.
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.
Arsenal extends its lead in the Premier League, while Manchester United strengthens its top-four bid. Chelsea's Cole Palmer shines with a hat-trick, and West Ham earns a crucial win in their fight against relegation.
Manchester City blew a two-goal lead to draw 2-2 at Tottenham Hotspur on Sunday as a moment of magic by home forward Dominic Solanke handed Arsenal a huge Premier League title boost.
Everton enjoyed their first Premier League win at Manchester United for 12 years despite playing virtually the entire game with 10 men.
A round-up of Thursday's Europa League Round of 16 second leg matches.
Malaysian entrepreneur Tony Fernandes completed the takeover of Premier League club Queens Park Rangers on Thursday and promised to take the club to new heights in the next few years.
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.
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.
Caterham owner Tony Fernandes warned on Tuesday that he could walk away from Formula One unless his tail-end team showed significant improvement this season.
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.
IMAGES from the English Premier League matches played on Saturday.
AirAsia will expand its network across ASEAN.
Images from Saturday's action in the Premier League.
Images from Sunday's action in the English Premier League.
IMAGES from the Premier League matches played on Sunday
This is the first time that AirAsia chief has raised concerns about the dual airline strategy of the Tata group, his partner.
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.
Company chief Tony Fernandes said the name of Chairman for AirAsia India board would also be disclosed soon
A round-up of Saturday's action in the English Premier League.
A summary of Thursday's action in the Premier League.
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.
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.
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.
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.
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 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.
Malaysia's low cost carrier Air Asia and Singapore-based Tiger Airways have been locked in a war of words, with heads of both the companies taking digs at each other in public over alleged racist remarks by the Malaysian carrier's ethnic Indian chief.
Ticket sales to open from Friday, says group CEO Tony Fernandes
Karun Chandhok will test for Team Lotus in Spain next week as a potential reserve for the Formula One outfit, principal Tony Fernandes said on Sunday.
Malaysian-owned Lotus Racing could have a completely new identity in Formula One next season although team principal Tony Fernandes says he wants to keep the Lotus name if he can.
AirAsia India, whose top officials have promised to offer low and competitive airfares, will focus on connecting tier-II cities to begin with.
Lotus F1 principal Tony Fernandes has risen to Richard Branson's challenge for the loser of the two Formula One team owners next season to serve as a stewardess on the winner's airline. Fernandes, the founder and CEO of AirAsia, said last week that his new Malaysian-backed team has to finish ahead of Branson's Virgin Racing "otherwise I will retire and kill myself".
Maverick entrepreneur Tony Fernandes, who built low-cost carrier AirAsia to be a formidable player in South-East Asia, is prepared for a price battle in the Indian skies.
India's new low-cost airline plans to go to Northeast.
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