For renting and leasing of aircraft, besides carrying of air freight Air Asia and Tata Group have sought approval from the government. The two firms, along with Arun Bhatia of Telestra Tradeplace, have proposed to set up a domestic airline. According to sources, in its application to the FIPB, the partners have also sought permission for engaging in ancillary activities.
The other activities for which they have sought permission include air transport carriers (of freight), cargo handling, renting and leasing of aircraft, a source said.
The application for renting and leasing of aircraft, however, does not include financial leasing. The Malaysian budget carrier had sought the government nod to launch a new airline through a joint venture with the Tata Group and Bhatia.