Monday, June 10, 2013

All matters on AirAsia's India operations resolved: Ajit Singh

London: Malaysian budget airline AirAsia moved a step closer to securing permission to launch operations in India, with Civil Aviation Minister Ajit Singh today saying that all issues concerning the carrier's application have been resolved.
"All matters on AirAsia India have been resolved. The proposal has been sent to the Union Home Ministry for security clearance," Singh told visiting Indian journalists here.
"Once the Home Ministry nod comes, Civil Aviation Ministry will give its clearance," the Minister said in response to questions.
AirAsia had in late February announced a 49:30:21 joint venture with Tata Sons and Arun Bhatia of Telestra Tradeplace to launch the airline in the country, headquartered in Chennai.
The government had in early April cleared AirAsia's proposal to invest Rs 80.98 crore in AirAsia India, marking the clearance of the project's first step before seeking a licence to fly.
10/06/13 PTI/Daily News & Analysis
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