A Delhi high court bench on Wednesday declined to temporarily halt the process of granting regulatory approvals to AirAsia India, as requested by petitioner Subramanian Swamy, but will further hear the matter on 11 December. “It appears that these (the approvals granted) are not final,” justice Manmohansaid. “Many other regulatory approvals remain.” The matter is being heard by a two-judge bench led by chief justice N.V. Ramana.
The government has granted a no-objection certificate to AirAsia India to start an airline in India and is now seeking an airline licence from regulator Directorate General of Civil Aviation. Malaysia’s AirAsia has a 49% stake in AirAsia India, Tata Sons Ltd has 30%, and Arun Bhatia’s Telestra Tradeplace Pvt. Ltd owns the rest.
In the public interest petition (PIL) filed by the Bharatiya Janata Party member, Swamy has challenged the government’s decision to go ahead with regulatory processes allowing foreign direct investment in new airlines.
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