Mumbai: India's aviation regulator is likely to decide on the fate of AirAsia's local venture in the next couple of days after it sifts through the various responses to its recent public notice, seeking opinion on whether a flying permit should be given to the airline.
Among the negative responses includes an 18-page note from BJP leader Subramanian Swamy and observations from four former directors at Air India, a person close to the development told ET. "We will carefully look at the responses and decide whether or not to give a flying licence to AirAsia," an official at the Directorate General of Civil Aviation (DGCA) said . Two senior executives at AirAsia said they have been replying to the various questions raised. The issues raised are "nothing really" said one of them. Swamy's note raises the issue that the airline doesn't have a single largest Indian shareholder. The Malaysian carrier holds 49% in the venture, saltto-software conglomerate Tata Sons owns 30% while the rest is owned by private investor Arun Bhatia who owns Telstra Tradeplace.
20/02/14 Economic Times
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Among the negative responses includes an 18-page note from BJP leader Subramanian Swamy and observations from four former directors at Air India, a person close to the development told ET. "We will carefully look at the responses and decide whether or not to give a flying licence to AirAsia," an official at the Directorate General of Civil Aviation (DGCA) said . Two senior executives at AirAsia said they have been replying to the various questions raised. The issues raised are "nothing really" said one of them. Swamy's note raises the issue that the airline doesn't have a single largest Indian shareholder. The Malaysian carrier holds 49% in the venture, saltto-software conglomerate Tata Sons owns 30% while the rest is owned by private investor Arun Bhatia who owns Telstra Tradeplace.
20/02/14 Economic Times
