New Delhi: Experts say Malaysian budget carrier AirAsia's entry into India with a new partnership with Tata Sons will help the domestic aviation industry grow and get better deals to passengers.
The joint venture would represent the first foreign company trying to capture the rising demand in India's aviation sector.
"It is a very positive move for the industry and the passengers. As more players would help in development of the industry which is at a very nascent stage," Ankur Bhatia, chairman, Confederation of Indian Industry's (CII) national committee on civil aviation, and executive director, Bird Group, told IANS.
AirAsia last week received regulatory approvals from the Foreign Investment Promotion Board (FIPB) to invest in the venture and hold up to 49 per cent stake.
The company plans to start an airline from Chennai which will focus on providing connectivity to smaller cities by the end of 2013.
12/03/13 Business Today
