AirAsia to start airline in India

In a joint-venture with Tata Sons and Arun Bhatia of Telestra Tradeplace Ltd, the leading low cost carrier in Malaysia, Air Asia wants to start an airline service in India.

Reportedly Air Asia wants to invest 49% in the planned joint venture. Air Asia has submitted an application to the Foreign Investment Promotion Board (FIPB) and proposed to start operations from Chennai.

AirAsia founder and group CEO Tony Fernandes said in a statement, “We have carefully evaluated developments in India over the last few years and strongly believe that the current environment is perfect to introduce AirAsia’s low fares which stimulate travel and grow the market.”

• About the Author

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!