blueflyer
Topic Author
Posts: 3701
Joined: Tue Jan 31, 2006 4:17 am

AirAsia To Start Domestic Carrier In India

Thu Feb 21, 2013 7:16 am

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
Democracy 2016: 3 million California votes < 100,000 Midwest votes.
 
Nimish
Posts: 2911
Joined: Mon Feb 14, 2005 6:46 pm

RE: AirAsia To Start Domestic Carrier In India

Thu Feb 21, 2013 9:06 am

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.
Incredible India!

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