Air Asia is partnering with Tata Sons and little known Arun Bhatia for their India entry.
Ticket sales to open from Friday, says group CEO Tony Fernandes
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.
Air Asia will hold 49 per cent and the remaining will be owned by Tata Sons and Telestra Tradeplace Pvt.
The proposal was cleared by the Foreign Investment Promotion Board, Finance Ministry said in a statement.
The aviation minister, Ajit Singh, on Tata-Air Asia joint venture
The carrier has two-third Indian directors on board, as mandated.
With its nominees on the board, Tata Sons will have the controlling stake of 51%.
Pakistani Test leg-spinner Danish Kaneria, during his hearing by the England and Wales cricket board (ECB), claimed he was unable to break off his ties with Indian bookmaker Arun Bhatia as the latter had threatened him several times.
The water level of Pong Dam, also known as Beas Dam, reached at 1386.84 feet-mark on Monday at 11 pm against the danger level of 1390 feet.
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.
AirAsia India began operations in June 2014.
Retired civil servant and social activist Arun Bhatia has filed the PIL.
Company chief Tony Fernandes said the name of Chairman for AirAsia India board would also be disclosed soon
The first A320 flight is scheduled to leave Bengaluru on June 12 afternoon, AirAsia India chief executive officer Mittu Chandilya told reporters in Chennai.
Though NOC was issued by the Ministry last week, this was the first formal statement by the AirAsia CEO on microblogging site Twitter.
AirAsia may breakeven by June this year.
AirAsia India was set up as a three-way joint venture.
The airline is also looking at cities in the northeast.
"We are waiting for any input from any quarter," Civil Aviation Secretary R N Choubey said, adding, "We have not received anything so far".
Debt-ridden national carrier Air India tops a brand reputation survey.
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.
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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.
As per information available with the Corporate Affairs Ministry, the new company was incorporated on November 5 with a total paid up capital of Rs 500,000 and has been registered in New Delhi.
BJP leader Subramanian Swamy on Friday moved the Delhi High Court seeking an order restraining the Centre from granting any approval to AirAsia for its operations in India.
At the heart of the current controversy is the government's FDI rule
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.
The bench of Chief Justice N V Ramana and Justice Pradeep Nandrajog issued notices to the Centre, Foreign Investment Promotion Board and Commerce and Civil Aviation ministries and sought their responses by October 30.
IndiGo, Jet, SpiceJet and GoAir demand level playing field in aviation policy, say government can't favour only two new airlines.
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'.
'You can never say never in politics.' 'We may still see the return of AAP, but hopefully not of the same abusive politics again,' says Shekhar Gupta.
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.
DGCA asks those likely to be affected by a scheduled air operator's permit to the airline to give suggestions, objections within 30 days.
Recruitment and import of aircraft still to get going
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
AirAsia says deal not violative of shareholder agreement.
After placating sitting MP Suresh Kalmadi who was sulking over denial of ticket, the Congress managers are confronted with a tough task of retaining the Pune Lok Sabha seat by overcoming the main challenge from a resurgent BJP in a quadrangular contest which is on cards.
'It's a joy working there.' 'It's good work and when you come back it gives you pleasure.' 'On returning you take a shower and look at the day and say, "Ah! Nice scenes we did!"' 'Here sometimes you are doing nothing in the day, but you are there for the shoot.' 'You come home and it can be very frustrating, with that frustration the tiredness does not go, you know.' 'Good work gives you that strength and kick.'
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