AirAsia gives clear indication of India joint venture exit
The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group's financial stress.
AirAsia hints at possible exit from joint venture with Tata Sons, Group reviewing India investment
Malaysian carrier AirAsia Berhad has given...
AirAsia India resumes in-flight meal service
On August 27, the Aviation Ministry had permitted the airlines to serve pre-packed snacks, meals...
Domestic air passenger volume falls 57 pc to 52.71 lakh in October
The average load factor of nine domestic airlines, which operated flights during the month, was at 59.2 per cent, with scheduled commuter airline Star Air clocking the best PLF at 71.6 per cent.
Tata Sons in talks to buy AirAsia's 49% in joint venture
“AirAsia, because of its financial difficulties, is not keen on infusing capital into the India JV. It wants the JV to take on debt to run the operations. Tata Sons is forced to consider buying out AirAsia,” said the source. Tata Sons declined to comment on the report.
Malaysia's AirAsia looks beyond losses to travel return
Airlines have been badly hit by the coronavirus crisis, which brought air travel to a near standstill at its height earlier this year, forcing many to seek financial help.
AirAsia India only getting funded by Tatas, not Malaysian parent
This comes amidst rumours that Tatas are in talks to give an exit to AirAsia Berhad. Until recently, there were differences in valuation.
AirAsia India starts flights on six new domestic routes, expects festive demand to increase
"Cognizant of the rise in passenger demand forecasted during the festive season, we continue to strengthen our network across India with these six routes," AirAsia India Chief Commercial Officer Ankur Garg said.
Aviation minister Hardeep Singh Puri hints at shutdown of Air Asia's Indian operations
“AirAsia’s shop is anyway shutting down,” Hardeep Singh Puri said in televised comments that were widely circulated on social media. “Their parent company has problems.”
AirAsia may exit India, end JV with Tata Sons
Malaysian carrier AirAsia said on Tuesday that it is reviewing its India operations run in partnership with Tata Sons, signalling a possible exit from the world’s fifth largest economy, which it entered with high expectations six years ago.
These are the airlines teetering on the brink of Covid ruin, shows data from Z-score bankruptcy gauge
IATA, in a new analysis released last week, said total industry revenues next year are expected to be down 46% on 2019’s $838 billion. Without additional government financial relief, the median airline has just 8.5 months of cash remaining at current burn rates.
Cash-starved AirAsia stops funding Indian arm, onus now on Tatas to mount a rescue
The airline isn’t at any immediate risk of folding, the people said. India’s aviation minister said over the weekend that AirAsia was shutting up shop in the South Asian nation, though his office later suggested the comment was taken out of context. AirAsia Group and AirAsia India declined to comment, as did a representative for Tata Group.
Budget airline AirAsia to start charging customers for checking in at airport counters
Travellers who do not check in via the airline's website, mobile app or airport kiosk will be charged 20 Malaysian ringgit ($4.83) for domestic flights and 30 Malaysian ringgit for international flights, though some exceptions will apply.
AirAsia India partners with Avis to offer passengers car rental services
As there are restrictions on mobility, particularly in major Indian cities due to the coronavirus pandemic, flyers are turning to car rental and chauffeur-driven vehicles as a safe, private and flexible alternative to public transport, the airline said.
AirAsia implementing robotic process automation to raise productivity, reduce errors
These procedures include contactless payment kiosks, enhanced features on the AirAsia mobile app and contactless kiosks in all operating airports across Malaysia, Thailand, Philippines, Indonesia, and Japan.