Tuesday, March 07, 2017

AirAsia's bid to take over the Indian skies

AirAsia India is trying hard to expand its fleet size to 20 in order to become eligible for international flying.

According to AirAsia India CEO Amar Abrol, flying international for AirAsia could be possible by mid-2018.

Malaysia, Thailand are popular tourist destinations that AirAsia wants to cover in its international ambit, keeping in mind the operational limitations of their fleet of A320 aircraft.

Timeline 21 Feb 2013 AirAsia ties up with Tata Sons in India
Kuala Lumpur-based AirAsia launched a joint venture with Tata Sons and Telestra Tradeplace for a new airline in India.

AirAsia Berhad (AirAsia's parent company) would have 49% stake, Tatas would have 30% and Telestra's Amit Bhatia (son-in-law of Lakshmi Mittal) would hold 21% in the company.

Ratan Tata would be the company's chief advisor.

Fact Tata makes its comeback in the aviation industry
The joint venture with the world's best low cost airline also marked Tata Sons' return to aviation industry after 60 years.

12 Jun 2014 AirAsia's maiden flight takes off in India.
06/03/17 MENAFN