Sunday, March 03, 2013

Air Asia, Tata Group JV seeks permission for aircraft leasing


New Delhi: Air Asia and Tata Group which have proposed to set up a domestic airline along with Arun Bhatia of Telestra Tradeplace, have sought approval for renting and leasing of aircraft, besides carrying of air freight.
According to sources, in its application to the FIPB, the partners have also sought permission for engaging in ancillary activities.
"Other activities for which they have sought permission include air transport carriers (of freight), cargo handling, renting and leasing of aircraft," a source said.
The application for renting and leasing of aircraft, however, does not include financial leasing.
The Malaysian budget carrier had sought the government nod to launch a new airline through a joint venture with the Tata Group and Bhatia.
03/03/13 Indian Express
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