AIRASIA INDIA
Ajay Singh is keen to board Air India
Singh, who cofounded SpiceJet in 2005 and sold it to Kalanithi Maran in 2010, returned in 2015, and is credited with turning around the then-ailing airline.
Domestic air passenger flown in January 21 up over December 20; down 39.5% YoY
Demand for air travel continued to grow during the month of Ja...
5,808 flights cancelled or delayed in India due to weather in Nov-Dec 2020: Government
IndiGo, SpiceJet, Air India, Vistara, GoAir and AirAsi...
Airlines shrug off Covid travel curbs, add 21 aircraft in 2020
Vistara, which has big international expansion plans, added 7 aircraft till December-end. The biggest contributor to the tally has been IndiGo, which increased its fleet size from 253 to 284 planes
Covid-hit domestic airline passengers in 2020 similar to 2014-levels
Airlines have been registering increase in travel and new flights with the government regulating reopening of the aviation market.
Tata Sons to increase its stake in AirAsia India to 83.67%
ET reported the deal online early Tuesday evening. Subsequently, AirAsia Berhad made an announcement of its share sale on the Kuala Lumpur stock exchange.
Tata Sons to buy 32.67% more stake in AirAsia India
Tata Sons will enhance its shareholding in low-cost carrier -- AirAsia India -- by buying...
AirAsia to own only 13% in Tata JV
AirAsia, which till recently held 49% in its India venture, will see its stake fall to 13% as it prioritises its geographical play after being faced with Covid-induced financial woes.
Tata Sons set to file expression of interest for Air India today
Those that qualify will be invited to start making final binding bids from December 28, as the government seeks to get the privatisation programme airborne after failing to sell a majority stake in the loss-making carrier two years ago.
Tatas to stop paying dues to AirAsia if airline fails to invest in JV by December 31
AirAsia India, a 51:49 JV where Tata is the controlling shareholder, owes AirAsia Berhad Malaysia ₹489 crore as per its latest available financial statements.
AirAsia India in talks to return 7 planes to Malaysian parent
The move is aimed at cutting down the local airline’s exposure to the parent, even as discussions progress for the Malaysian low-fare carrier to exit the joint venture with Tata Sons.
Tata at crossroads as its fledgling airlines, AirAsia India and Vistara, reach critical juncture
Tata’s airline predicament isn’t unique. Warren Buffett exited his positions in all airline stocks earlier this year saying the pandemic may have fundamentally changed the business. And Richard Branson once famously said, “If you want to be a millionaire, start with a billion dollars and launch a new airline.”
AirAsia India plans expansion; set to induct three more Airbus A320 neos by June 2021
On November 17, Malaysia's AirAsia Berhad had said it was reviewing its investment in AirAsia India. Against this backdrop, there have also been concerns about the domestic airline.
AirAsia India assures travel agents about its financial sustainability, expansion plans
AirAsia India's CCO Ankur Garg, Chief of Sales Ajay Kumar Wadhawan and other team members during a virtual meeting with TAAI assured them about the "stability of the airline" as well as provided insight on its expansion and upcoming schedules, as per the communication from TAAI.
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.
