Chennai: AirAsia has entered the Indian aviation scene and its plan to make Chennai its hub of operations has brought cheer to stakeholders.
There is great hope of a positive growth trajectory for the various service sectors that have mushroomed around the industry. This is apart from additional revenue that the Airport Authority of India (AAI) might get.
On Tuesday, the Foreign Investment Promotion Board (FIPB) of the Finance Ministry cleared the proposal of Malaysian low-cost carrier AirAsia and Tata’s joint venture for a passenger airline in India. But the airline is yet to get the flying permit and clearances from the Directorate General of Civil Aviation (DGCA.).
Flyers, who are set to be one of the biggest beneficiaries of this venture, said that apart from the affordability, the fact that new airline’s fleet consists of Airbus A-320s is great news.
28/03/13 The Hindu
