London: AirAsia India moved a step closer to securing permission to launch operations in the country, with Civil Aviation Minister Ajit Singh on Monday saying that all issues concerning the carrier's application had 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.
Following this, the company on April 23 submitted an application to the Civil Aviation Ministry for a No Objection Certificate (NOC) to launch flight operations in the country. ...more
09:23 PM, Jun 10, 2013
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). ...
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