New Delhi: Gearing up to launch services in partnership with Tatas, Malaysian low-cost carrier AirAsia has incorporated a company in India with the filing of all requisite documents with the Ministry of Corporate Affairs.
The venture, AirAsia (India) Pvt Ltd, was incorporated as an "Indian non-government company" with its registered office in Mumbai. It will be an "unlisted" company, as per the documents filed with the Registrar of Companies (RoC).
The private sector company was incorporated on March 28, 2013 with an initial authorised capital of Rs 5 lakh. A company can change its share capital, as also other details, at a later stage.
Most of the existing air carriers present in the country, including SpiceJet, Go Air, Kingfisher, Jet Airways and IndiGo have authorised share capitals running into hundreds of crores of rupees, their RoC filings show.
31/03/13 Economic Times
