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 plans to sell 12 planes this year, a move that will bring in around 500 million ringgit ($156 million) in net profit.
AirAsia has come under scrutiny since June when GMT Research issued a critical report questioning its accounts.
Fernandes said south India was a fantastic market and it would be the gateway for people who want to visit southeast Asia and beyond.
AirAsia India began operations in June 2014.
Right from the early days of liberalisation, there have been political controversies surrounding several cases that landed on the FIPB table and which, in turn, have often led to court battles.
Queens Park Rangers will try to lure prolific FC Toronto striker Jermain Defoe back to the Premier League during the January transfer window if the price is right, the club's manager Harry Redknapp said on Thursday.
Images from the English Premier League matches played on Saturday.
AirAsia founder Tony Fernandes began talks with bankers to take Asia's number one budget airline private after a plunge in its stock price put $200 million worth of loans borrowed against AirAsia's shares at risk.
Harry Redknapp resigned as manager of struggling Queens Park Rangers.
Malaysian budget airline AirAsia moved a step closer to securing permission to launch operations in India, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application have been resolved.
The airline re-built the flight schedule and refunded passengers.
The Caterham Formula One team will race in next week's Abu Dhabi season-ender despite still falling short of a targeted 2.35 million pounds ($3.7 million) to get them there, an administrator said.
Vistara, an airline in which Tata Sons owns 51 per cent stake, is one of those which wants a relaxation in rules, saying these are important for the country's economic growth.
The carrier planned to bring in a plane a month from March to build a fleet of at least 10 jets by the end of the year.
Given the cost structure in the country, it won't be easy for AirAsia to offer 'Nano' fares and still make money.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
'JRD Tata was a visionary who established civil aviation in India'.
At the heart of the current controversy is the government's FDI rule
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.
The company has charted out a three step process in achieving the target
Navy divers on Monday resumed efforts to find more wreckage of the ill-fated AirAsia jet with no signal detected yet from the black box recorders, as rescue teams expanded search eastward to locate large objects of the plane believed to be on the ocean floor.
Queens Park Rangers could be consigned to English soccer's minor leagues if they are relegated from the top flight and fail to pay a potentially huge fine for breaching the Football League's financial fair play rules.
A rotating chief ministership as a way to appease factions can work only if there is a credible guarantor, explains Aditi Phadnis.
Honda's new V6 turbo hybrid Formula One engine will make its track debut at Silverstone on Friday in the back of a McLaren development car.
AirAsia's India plans may not be hit with the current crisis that the airline is going through
Singapore Airlines first approached the Tatas, its old choice for a venture in India, and was aware of AirAsia negotiations.
Images from the English Premier League matches played on Saturday.
Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
A French doctor treating former Formula One champion Michael Schumacher said on Thursday that the German driver was making progress, but will need years to recover.
DGCA asks those likely to be affected by a scheduled air operator's permit to the airline to give suggestions, objections within 30 days.
The organisers of the much-anticipated Indian Premier League-style football league decided to defer the proposed tournament to September-November next year instead of early 2014.
Airlines say ATF fuel prices in India are 40 per cent higher than in countries such as Singapore. Jharkhand, Chhattisgarh and Maharashtra
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.
AirAsia says deal not violative of shareholder agreement.
Rivals say the concessions would benefit AirAsia alone.
Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
Though the Mumbai and Delhi airports still rule the domestic aviation market, the share of the two in overall traffic is falling. In 2006-07, the two airports collectively handled 40.6 per cent of all domestic passengers; in 2012-13, their share fell to 37 per cent.
