DGCA grants Flying License to AirAsia India
India’s aviation regulator DGCA granted flying license or Air Operator’s Permit (AOP) to the new airline AirAsia India. AirAsia India plans to have a 10-aircraft fleet within a year of start of its operations and these planes would be drawn from A-320 family of aircraft ordered by the AirAsia Group. The air carrier would initially concentrate on connecting non-metro towns and imitate its low-cost, no-frills model that has seen substantial success in Southeast Asia.
The $30 million venture was the first airline to be launched after the FDI norms in aviation were relaxed in September 2012. While AirAsia owns 49% stake in the Indian carrier, Tata Sons has 30% and Telstra Tradeplace holds the rest.
Related News from Past on Air Asia:
- AirAsia India received NOC from aviation ministry
- FIPB nod to Tata-SIA airlines
- S. Ramadorai is the Chairman of AirAsia India
- Tata and Singapore Airlines ink MoU to set up a new full-service airline
- AirAsia and Tata Group join hands for an economical airline
- Finance Ministry clears AirAsia-Tata proposal
- AirAsia seeks Indian govt’s nod to join hands with Tata Group to enter country’s aviation
Month: Current Affairs - May, 2014