Aviation regulator DGCA has said the Brand Licencing Agreement (BLA) of AirAsia India does not violate the "substantial ownership and effective control" norms.
The Directorate General of Civil Aviation's (DGCA) conclusion comes after a detailed review of the BLA that was directed by the Delhi High Court in November 2016. The report has been submitted to the court.
AirAsia India, a joint venture between the Tatas and Malaysia's AirAsia Berhad, commenced operations in June 2014.
While Tata Sons holds 49 per cent, its two directors -- S Ramadorai and R Venkataramanan -- have 0.5 per cent and 1.5 per cent shareholding, respectively, in the airline. The remaining 49 per cent is with AirAsia Investment Ltd.
The BLA is between AirAsia Berhad (licensor) and AirAsia India (licensee). Under the pact, AirAsia India has been permitted to the operate scheduled air services under the trade name and livery of the licensor.
20/02/17 PTI/The Times Of India
To Read the News in full at Source, Click the Headline
The Directorate General of Civil Aviation's (DGCA) conclusion comes after a detailed review of the BLA that was directed by the Delhi High Court in November 2016. The report has been submitted to the court.
AirAsia India, a joint venture between the Tatas and Malaysia's AirAsia Berhad, commenced operations in June 2014.
While Tata Sons holds 49 per cent, its two directors -- S Ramadorai and R Venkataramanan -- have 0.5 per cent and 1.5 per cent shareholding, respectively, in the airline. The remaining 49 per cent is with AirAsia Investment Ltd.
The BLA is between AirAsia Berhad (licensor) and AirAsia India (licensee). Under the pact, AirAsia India has been permitted to the operate scheduled air services under the trade name and livery of the licensor.
20/02/17 PTI/The Times Of India
0 comments:
Post a Comment