Paving the way for the first foreign carrier to enter the Indian domestic aviation sector, AirAsia BhdÂ’s proposal to set up an airline jointly with the Tata group was approved on March 6 by the Indian governmentÂ’s foreign investment regulator. MalaysiaÂ’s AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in India with an initial investment of 800 million rupees to cash in on rising demand for domestic air travel among IndiaÂ’s rapidly expanding middle class.
Tag: AirAsia Bhd
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AirAsia India starts headhunting for its crew
AirAsia India, the new joint venture airline that AirAsia Bhd and Tata Sons propose to launch has started approaching top aviation executives in India, as it attempts to build its team ahead of a nod from the government, sources said. The fate of AirAsiaÂ’s proposal will be decided by the government on March 6, but the partners have already scheduled interviews with potential hires this week, indicating their confidence of receiving a clearance.