AirAsia India to launch with 10 A320s


AirAsia India, the budget airline of Tata Sons Ltd and Malaysia’s AirAsia Bhd, will start with 10 Airbus A320s aircraft in the fist phase of its operations. AirAsia has sought to import 10 Airbus A320s for its India operations, which are all likely to be brought in within a year or roughly about one per month, said two government officials who declined to be named.

AirAsia Bhd has a 49% stake in AirAsia India, Tata Sons has 30%, and Arun Bhatia’s Telestra Tradeplace Pvt. Ltd owns the rest. AirAsia India won approval from the government in March and is now in the process of getting an airline license from regulator Directorate General of Civil Aviation (DGCA).

Full report here Mint 


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