airasia-tata-jv - Latest News on airasia-tata-jv | Read Breaking News on Zee News

AirAsia gets FIPB nod for India entry with Tata Sons

Last Updated: Wednesday, March 06, 2013, 12:21

Malaysian budget carrier AirAsia's bid to launch an airline in India by joining hands with Tata Sons was on Wednesday cleared by the Finance Ministry, the first such investment by a foreign operator.

AirAsia-Tata JV hits aviation ministry roadblock

Last Updated: Wednesday, March 06, 2013, 00:21

A day before the FIPB meeting to look into AirAsia's proposed joint venture to launch a new airline here, the Aviation Ministry is understood to have opposed the plan saying the new FDI rules are meant for existing carriers only.