Ratan Tata, chairman emeritus of the Tata group, said he expects low-cost airline AirAsia India to open new dimensions of air travel in the country.
Tata Sons Ltd owns 30% in AirAsia India. AirAsia Bhd has a 49% stake in the venture and Arun Bhatia of Telestra Tradeplace Pvt. Ltd owns the rest.
Ratan Tata is also an adviser to the proposed airline, which will have its hub in Chennai and expects to start flights later this year. A private pilot licence holder, Tata piloted a plane on Tuesday to bring AirAsia chief Tony Fernandes from Mumbai to Delhi to hold meetings with aviation minister Ajit Singh and other government officials.
“This is a different type of enterprise that Mr. Fernandes is bringing and hopefully spread the use of air travel across India in a new dimension and I think the Tata group is very pleased to be associated with it,” Tata said after meeting Singh with Fernandes.
Full report here Mint