New Delhi: Gearing up to launch services in partnership with Tatas, Malaysian low-cost carrier AirAsia has incorporated a company in India with the filing of all requisite documents with the Ministry of Corporate Affairs. The venture, AirAsia (India) Pvt Ltd, was incorporated as an "Indian non-government company" with its registered office in Mumbai. It will be an "unlisted" company, as per the documents filed with the Registrar of Companies (RoC).
The private sector company was incorporated on March 28, 2013 with an initial authorised capital of Rs 5 lakh. A company can change its share capital, as also other details, at a later stage.
Most of the existing air carriers present in the country, including SpiceJet, Go Air, Kingfisher, Jet Airways and IndiGo have authorised share capitals running into hundreds of crores of rupees, their RoC filings show. Among various documents submitted by AirAsia (India), the incorporation certificate was filed on March 28, while Article of Association, Memorandum of Association, image of airline logo and other forms were filed earlier on March 11.
Prior to that, AirAsia had registered the name for its Indian venture on March 1, after getting the necessary approval from the ministry. The filing process for this new venture has been completed on a fast-track basis, a senior official said....more
12:10 PM, Mar 31, 2013
A new Indian airline, proposed to be launched by the Tata Group, AirAsia and another Indian investor, is likely to start operations by the fourth quarter of 2013 with about $50 million initial investment by the Malaysian budget carrier. ...
04:10 PM, Feb 21, 2013