New Delhi:The chairman of AirAsia Bhd, the low-cost airline which is entering India through a joint venture with Tata Sons, has said that he will try to persuade Ratan Tata to become the chairman of the new carrier.
"Mr Tata would be the right person as he would bring tremendous confidence to the regulators, to the consumers and to the government as well. Over the next few weeks we will start serious discussions with Mr Tata on the subject. He has neither said 'yes' nor said 'no' till now," AirAsia Chairman Anthony (Tony) Fernandes said in a conference call on Thursday.
The joint venture between Asia's largest low-cost airline and Indian companies, Tata Sons and Telstra Tradeplace, will be set up with a capital base of $30 million (163.5 crore) with AirAsia giving the JV company its consent for the use of 'Air Asia' name and corporate logos, according to the application to the foreign investment promotion board (FIPB), the nodal agency that clears foreign direct investments in India.
22/02/13 Ecpnomic Times
