AirAsia-Tata JV may face procedural issues: Ajit Singh
AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in India in a JV with Tata group.
New Delhi: AirAsia Bhd's planned joint venture in India with Tata Sons could face some procedural problems, Aviation Minister Ajit Singh said on Wednesday, without elaborating. However, Singh said he does not see any other major hurdles for the venture in India.
India's Foreign Investment Promotion Board is scheduled to meet later on Wednesday to consider the proposal, he said.
Malaysia's AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in India in a venture with the Tata group. The new airline, AirAsia India, will be managed by the Malaysian company and based in the southern city of Chennai.
Recommended For You
- I Always Wanted to Bat Like Virender Sehwag, Says Sunil Gavaskar
- KTM Duke 390, Duke 250, Duke 200 Launched: All You Need to Know
- 'Virat Kohli Calling Me to Bowl at India Nets Biggest Achievement'
- Xiaomi Redmi Note 4 Black Colour Variant to Be Available from March 1
- MINI Cooper D (5-Door) Review: A Classic That Encapsulates Modern Technology