Major airlines oppose govt’s plan to relax norms on flying abroad
At present, the rule, popularly known as 5/20 rule, makes it mandatory for the domestic airlines to fly on domestic routes for five years and have a 20-plane fleet before going international. The post...
View ArticleGood news: AirAsia scraps fuel surcharges on tickets oil price plummets
Chief Executive Tony Fernandes said the move will help reduce travel costs, stimulate demand and boost tourism in the region. The post Good news: AirAsia scraps fuel surcharges on tickets oil price...
View ArticleThe Pioneer: AirAsia India unveils aircraft with JRD Tata livery
AirAsia India on Saturday unveiled its fourth aircraft with a livery dedicated to JRD Tata as a mark of respect to the pioneer of civil aviation in the Indian sub-continent. The post The Pioneer:...
View ArticleCaught in the red, is AirAsia making the best use of its 171 aircraft?
Malaysia-based AirAsia, Asia's biggest budget airline by passenger volume, posted a net loss for October-December due to a weaker ringgit and higher costs despite lower fuel prices. The post Caught in...
View ArticleAirAsia hopes to get $300 mn bond issuance, mulls jet sales: CEO Fernandes
The comments from Fernandes on raising new equity came after Hong Kong-based GMT Research issued a report last week questioning AirAsia's accounting practices, accusing it of using transactions with...
View ArticleTatas’ move to gain management control in AirAsia India may raise questions
According to multiple sources, Tata Sons may be already in discussions with Telestra Tradeplace's Arun Bhatia for buying out much or all of his 21 percent stake in AirAsia India at undisclosed...
View ArticleSell-off on the cards? Beaten-down AirAsia talking to investors to take co...
Obtaining financing would be key for the deal to succeed, said the people familiar with the deal The post Sell-off on the cards? Beaten-down AirAsia talking to investors to take co private appeared...
View ArticleTatas eyeing a majority stake in AirAsia India but rivals may spoil the party
In case the buyout happens, the Tatas may have to face some queries by the Competition Commission of India (CCI) since it will then be majority owner in two airlines The post Tatas eyeing a majority...
View ArticleAirAsia’s Tony Fernandes applies for OCI status, says would be same as Naresh...
Hyderabad: Amid concerns in certain quarters over the control of no-frills airline AirAsia India, Malaysia-based AirAsia Group's chief Tony Fernandes on Wednesday said he has applied for Overseas...
View ArticleGovt got shareholder pact in Jet-Etihad deal amended, why did it slacken in...
India's airline industry is notorious for taking care of its own and hounding out new entrants. Some powerful airline promoters are known to actually influence key policy decisions, leaving the...
View Article