Thursday, February 21, 2013

Air Asia-led joint venture could face regulatory challenges: CAPA

Mumbai: Air Asia-led joint venture in India could face regulatory challenges, says Kapil Kaul of Centre for Asia Pacific Aviation.  Air Asia announcement on expected lines and not surprising.
However, surprised with TATAs agreeing to be part of the JV without  taking a lead role in the consortium. This will be a Air Asia led consortium which might face regulatory challenges.
"It is not  clear if government will clear their license as there is no clarity on the issue of new licenses," he said.
Air Asia announced today it is applying to foreign investment promotion board to invest in a joint venture in partnership with the Tata group and Arun Bhatia of Telestra Tradeplace.
20/02/13 Aneesh Phadnis/Business Standard