Mumbai: Low cost carrier AirAsia on Sunday said that the AirAsia India board has approved and appointed a Chief Executive Officer for the Indian subsidiary. Earlier, an airlines spokesperson had said that the airline had not yet appointed a CEO for AirAsia India.
"The board of Airasia India has approved and appointed a Ceo for Airasia India. He will be a revelation. Thrilled to have him on board," AirAsia Group chief Tony Fernandes tweeted tonight. He, however, did not identified the person.
The comment came in response to a PTI story quoting an airline spokesperson as saying," AirAsia India has not appointed a CEO." The spokesperson said this in an e-mail statement to PTI from airline's headquarters in Sepang, Malaysia. The e-mail came after PTI sought confirmation of the name of CEO doing rounds in the industry.
Air Asia, which is the largest low-cost airline in Asia, has formed a joint venture with Tata Sons and Telestra Tradeplace of Arun Bhatia in a 49:30:21 holding to launch a low-cost carrier in the domestic market. The venture received a formal approval from the Foreign Investment Promotion Board on April 4 to set up the company in the country....
more
11:35 PM, Apr 21, 2013
Airbus is sticking to upbeat forecasts for aircraft demand in India in the face of financial woes creeping across its airline sector, the European planemaker's sales chief said on Monday. ...
01:20 AM, Feb 26, 2013
Aerobatic display by metal birds enthralled tens of thousands of aviation enthusiasts at Yelahanka airbase in Bangalore on Sunday as the curtains came down on the five-day Aero India 2013, Asia's premier airshow. ...
01:20 AM, Feb 11, 2013
India is likely to become one of the top three aviation markets in the world by 2020 provided the strong passenger growth clocked in recent times continues, a Ficci-PwC report said on Thursday. ...
12:43 AM, Feb 08, 2013
Kicking off Asia's biggest aerospace exposition here, Defence Minister AK Antony on February 6 said the focus of the country is achieving self reliance in the defence sector. Aero India 2013 showcases the latest international technology in military and civil aircraft, avionics and sub-systems, as well as radars in the defence and aerospace sectors. ...
02:50 PM, Feb 06, 2013
New Delhi: SpiceJet, India's second-biggest budget carrier by market share, reduced its second-quarter losses by 32 per cent, benefiting from massive cuts in capacity by rival Kingfisher Airlines. The losses still reflect the fiercely competitive aviation industry, which lost a combined $2 billion last year. All but unlisted IndiGo lost money, hurt by high state taxes on jet fuel, expensive airports and regulatory uncertainty. "Fuel costs and a weakened INR...
01:49 AM, Nov 13, 2012
New Delhi: Civil Aviation Minister Ajit Singh on Friday said the government's open-sky policy for foreign investment in domestic airlines has positively affected sentiments in the aviation industry, but it is too early to say how much investment the sector would attract. "The sector is going through difficult times and is facing financial stress due to the overall economic slowdown. But the mood is upbeat now after we (government) allowed...
02:10 AM, Sep 22, 2012
New Delhi: After the sacking of 101 pilots during the recent 58-day strike, Air India on Friday said it has received representations from 34 of them expressing willingness to join duty. While nine sacked pilots on Thursday sent in representations against termination of their services and stating their willingness to resume work, 25 such representations were received today by the management of the national carrier, official sources said. The protracted...
08:38 PM, Jul 20, 2012
New Delhi: There was no end in sight to the 49-day-old Air India pilots strike with the government on Monday making it clear that they have to return to work "unconditionally" and the pilots insisting that sack orders be withdrawn immediately. "We want them to come back (to work). All they have to do is to come back unconditionally to work. They never gave a notice (of going on strike)....
12:25 PM, Jun 25, 2012
Even ten days after the strike by the Air India's pilots began there appears to be no resolution in sight. With civil aviation minister Ajit ...
10:53 AM, May 16, 2012
Geneva: The global aviation industry could run up losses of over USD 5 billion this year if oil prices spike by more than anticipated in light of the tensions building up over Iran's nuclear programme, the industry's trade group said on Tuesday. The International Air Transport Association, or IATA, says it now expects earnings will likely decline to USD 3 billion in 2012. That's down from December's forecast of USD...
05:43 PM, Mar 20, 2012
New Delhi: The Civil Aviation Ministry has started working overtime to formulate a new policy to cater to the latest concerns of the aviation industry, especially issues relating to its sustainability like jet fuel pricing, infrastructure, airfare pricing, safety and security. A meeting of major stakeholders and senior Ministry officials was held on Friday to list the entire gamut of issues, elicit the views of the industry and service providers...
08:05 PM, Jan 27, 2012
New Delhi: The Air India Management on Tuesday called pilots for a meeting to resolve the crisis. Bombay High Court will hear the plea against AI management's discriminatory practices on Wednesday. Pilots had filed the petition in court. 23 pilots are reported sick and over 100 have threatened to quit. 10 AI flights have also been cancelled this past week. Their complaint is that some of them have not been...
10:00 AM, Nov 01, 2011
In the two years after 9/11 the aviation industry lost more than 20 billion dollars. ...
12:37 PM, Sep 10, 2011
Civil Aviation Minister Praful Patel on Tuesday said Air India has cut its losses by 25 per cent. ...
03:53 PM, Apr 13, 2010
Big plane uses 20 percent less fuel than comparable aircraft. ...
01:21 AM, Dec 16, 2009
Boeing's lightweight carbon, titanium plane designed to save fuel. ...
09:11 PM, Dec 15, 2009
Shares in BA fell 0.7 pc immediately after the strike announcement. ...
11:30 AM, Dec 15, 2009
A group of Air India pilots on Tuesday said it was firm on the strike. ...
11:23 PM, Nov 17, 2009
