AIR ASIA BERHAD
Air Asia to start Thiruvananthapuram-Kuala Lumpur service
Air Asia Berhad will launch a direct flight from Thiruvananthapuram International Airport to Kuala Lumpur starting February 21. The service will operate with an Airbus 320 aircraft accommodating 180 passengers. Initially, flights will run on Tuesdays, Thursdays, Saturdays, and Sundays. This new route will provide connectivity to countries like Australia, Thailand, Indonesia, and Singapore, meeting the long-standing demand for more East Asian connectivity and benefiting the travel and tourism sectors of Kerala and south Tamil Nadu.
Air India proposes to acquire AirAsia India
Tatas-owned Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission for the proposed deal. AirAsia India is majority-owned by Tata Sons Private Ltd with a shareholding of 83.67 per cent and the remaining stake is with AirAsia Investment Ltd (AAIL), which is part of Malaysia's AirAsia Group.
AirAsia India FY21 loss doubles on year, Vistara's narrows
AirAsia India posted an annual loss of Rs 1,532 crore for 2020-21 against Rs 782 crore in the previous year, according to its annual report filed with the corporate affairs ministry.
Teleport strengthens key routes with B737 freighter, 2 A320 converted pax planes
In May, AirAsia operated six A330 and two A320 on behalf of Teleport and plans to increase it within the year, it said, adding, "with the leasing of the freighter and the conversion of planes, Teleport will be even more capable and reliable in delivering more cargo and enforces Teleport's coverage across Asia."
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 32.67 per cent equity stake of its JV partner AirAsia Group Berhad. The budget airline is a JV in which Tata Sons owns 51 per cent stake, while 49 per cent is held with AAIL. After the transaction, Tata's shar...
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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.
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.
AirAsia India only getting funded by Tatas, not Malaysian parent
This comes amidst rumours that Tatas are in talks to give an exit to AirAsia Berhad. Until recently, there were differences in valuation.
AirAsia India launches in-house app to enhance operational efficiency of airline
The airline said its operational control center will have "real-time situational awareness" with the help of this app that will help it utilise aircraft much better. It said: "In order to improve operational efficiency and deliver a superlative customer experience, the RedSmart app captures PTS (Precision Time Schedule) activities in real time on a digital platform."
AirAsia may have to take legal route to exit India JV
Tata Group is not immediately keen to buy out AirAsia Berhad’s stake in the no-frill domestic airline as it is focuses on prioritising capital investments in other businesses, including its other airline venture Vistara.
High average fares help AirAsia India trim quarterly loss
The airline -- a joint venture between Tatas and Malaysia's AirAsia Berhad -- had a loss before tax of Rs 61.82 crore in the year-ago period.
AirAsia India to double its fleet; plans to start international services by October
AirAsia India, which started operations on June 12 2014, had a market share of 6.2 per cent of the domestic traffic in April.
Tata Steel veteran Sunil Bhaskaran to be new Air Asia India boss
Chairman Ramadorai may also step down for Banmali Agrawala
Jet Airways offers discounts on 25 lakh seats in largest ever flash sale
The bookings of flights under the six-day offer starts Tuesday and covers both business and economy class travel, Jet Airways said in a statement.
AirAsia India flies 87% more passengers in June quarter
The no-frills carrier - a JV between the Tata Sons and Malaysia's AirAsia Berhad - had carried a little over one million passengers in the same period last year, a company release said.
Double trouble: AirAsia CEO Tony Fernandes faces tough time both in India and Malaysia
In the coming days, Fernandes may need all the luck to overcome the twin problems — one at home in Malaysia and the other, fast-unravelling crisis in India.
AirAsia India December quarter revenue doubles YoY
AirAsia India has 14 aircraft as of December 31, 2017.
AirAsia India net loss at Rs 140 crore for FY17
AirAsia posted a net loss of Rs 140 crore for the previous fiscal, which was 23% less than almost Rs 182 crore it reported in fiscal 2016. Revenue rose nearly 45% to Rs 952 crore.
AirAsia India gearing up to start international flights
AirAsia India aims to scale up fleet to 20 aircraft by October this year to be eligible to start overseas operations.
AirAsia India's passenger traffic up by 57 per cent in January-March
The number of passengers carried increased by 57 per cent year-on-year to 0.84 million, with 50 per cent increase in capacity, the airline said.
AirAsia Berhad seeks relaxation of 0/20 rule
Air Asia Berhad's Kamarudin Meranun said, "If the govt abolishes the condition of having a minimum of 20 aircraft, AirAsia India will be able to start operating international flights in 2-3 months time, depending upon the availability of slots."
Enforcement Directorate summons AirAsia India's ex-chief Mittu Chandilya
The ED investigation followed a complaint by BJP leader Subramanian Swamy in which he accused the carrier of "money laundering"The first letter from the ED was sent to AirAsia on December 5.
Malaysia's AirAsia invests Rs 115 cr more in AirAsia India
Earlier this month, AirAsia India CEO Amar Abrol had said the airline will continue to make investments and expand fleet size to 10 in the current financial year ending March 2017.
Super-cop Dhanushyakodi Sivanandhan investigates Air Asia; company files complaint with police
The airline had on October 31 said that there was an ongoing investigation against “certain former personnel” of AirAsia India.
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