INQUIRER.net: AirAsia plans budget airline in India

INQUIRER.net Philippine News for Filipinos

AirAsia plans budget airline in India Feb 21st 2013, 04:23 KUALA LUMPUR, Malaysia—AirAsia, Southeast Asia's top budget carrier, said Wednesday it will set up an airline with India's Tata conglomerate to tap the world's second most populous nation after moves to liberalize its airline industry.   AirAsia said it has applied to Indian authorities to take a 49 percent stake in a joint venture, with the remaining 51 percent held by Tata Sons Ltd. and tycoon Arun Bhatia. The move follows the Indian government's decision to ease foreign investment rules in aviation and other industries to help revive a slowing economy.   "We have carefully evaluated developments in India over the last few years and strongly believe that the c... Keep on reading: AirAsia plans budget airline in India Media files: air-asia-logo.jpg (image/jpeg)

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