AirAsia gets FIPB nod for India entry with Tata Sons

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

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.