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AirAsia To Start Domestic Carrier In India  
User currently offlineblueflyer From United States of America, joined Jan 2006, 3119 posts, RR: 1
Posted (2 months 3 weeks 5 days 5 hours ago) and read 942 times:		 Support Airliners.net - become a First Class Member!

AirAsia and Tata have announced their intention to partner up and launch a domestic Indian carrier. AirAsia will have a 49% stake in the carrier and manage its operations. Tata will have a 30% stake. No words yet on the remaining 21% stake.

The hub of the still-nameless new carrier is expected to be MAA.

AirAsia is the first foreign carrier to enter the domestic Indian market since the government relaxed its laws against foreign intervention.

More details to be released later.
http://www.ft.com/intl/cms/s/0/73924...ed-00144feabdc0.html#axzz2LW08YrM2


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1 replies: All unread, jump to last
 
User currently offlineNimish From India, joined Feb 2005, 3076 posts, RR: 9
Reply 1, posted (2 months 3 weeks 5 days 3 hours ago) and read 783 times:

Awesome news for Indian passengers. My only hope is that the govt. starts backing down from "micromanaging" everything, and let's the professionals make the right decisions.


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