Friday, May 03, 2013

Trouble for Tata Sons, Telstra's Air Asia JV in India?

New Delhi: Civil Aviation Ministry will clear the application of Air Asia India to launch its operations in the country as soon as it submits all the required data, Civil Aviation Minister Ajit Singh said today.
He also suggested that the proposed airline, a joint venture between Malaysian airlines Air Asia, the Tata Sons and Telstra Tradeplace of Arun Bhatia, would save time if they also named the CEO of the company soon.
"They (Air Asia) have just submitted the application. The Ministry is looking at it. When all the data is there, I can tell you, the Ministry is very active, proactive. If we get all the required data it should be cleared very soon," Singh said.
He was asked whether the Ministry has found any problem with Air Asia India's application as it has been a week since they submitted the proposal.
03/05/13 PTI/Indian Express