Thursday, April 25, 2013

AirAsia applies for operational clearance


The low cost carrier (LCC) filed an application with the civil aviation ministry on April 23 to start its India operations, official sources said yesterday.
The airline started the process of hiring pilots and cabin crew earlier this month.
The company in its application said it proposed to start operations with a few aircraft and eventually operate around 37 in the next five years.
Earlier, the LCC had said that it will operate from Chennai and focus on providing connectivity to tier-II and -III cities. It plans to start operations by the end of this year.
In its proposal to the Foreign Investment Promotion Board (FIPB), AirAsia said it intended to hold 49% stake in the joint venture (JV), while Tata Sons will hold a 30% stake and the Arun Bhatia-promoted Telestra Tradeplace 21%.
25/04/13 IANS/Gulf Times
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