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AirAsia India reports 42% increase in passenger traffic

AirAsia India reports 42% increase in passenger traffic

The number of passengers carried (by AirAsia India) increased 42 percent YoY to 0.59 million (5.89 lakh), while the capacity increased by 23 percent in July-September quarter of the current year, AirAsia said.

Protectionist policies and vested interests making it hard to do business in India: AirAsia CEO

Protectionist policies and vested interests making it hard to do business in India: AirAsia CEO

AirAsia group chief Tony Fernandes has said it was hard to do business in India due to protectionist policies and "vested interests", but his joint venture carrier AirAsia India was here for a long haul.

AirAsia orders 100 Airbus A321neos worth $12.5 billion

AirAsia orders 100 Airbus A321neos worth $12.5 billion

Malaysia`s low-cost airline AirAsia on Tuesday placed a blockbuster order for 100 single-aisle fuel-efficient A321neo jets worth a vast $12.5 billion in the biggest deal so far at the Farnborough airshow.

AirAsia Group chief Tony Fernandes gets Overseas Citizen of India status

AirAsia Group chief Tony Fernandes gets Overseas Citizen of India status

Malaysia's AirAsia Group chief Tony Fernandes has been given the status of Overseas Citizen of India (OIC) by the Indian government, amid concerns in certain quarters over control at budget carrier AirAsia India.

Malaysia's AirAsia suspends trading amid reports of going private

Malaysia's AirAsia suspends trading amid reports of going private

Malaysian budget airline AirAsia said on Thursday that it will suspend trading of its stock on the bourse pending an announcement, a day after denying reports that its founders were planning to take the company into private ownership

AirAsia chief raises questions over 5/20 norm

AirAsia chief raises questions over 5/20 norm

The war of words over 5/20 norm continued with AirAsia chief Tony Fernandes today taking a dig at promoters of Indian airlines asking whether all of them live in India, in an obvious reference to Jet Airways Chairman Naresh Goyal, an NRI living in the UK.

AirAsia's Malaysian unit returns to profit

Malaysia-based AirAsia reported a fourth-quarter net profit of 554 million ringgit (USD 132 million) with its Malaysian unit and lower fuel costs.

AirAsia India makes 134% growth in passenger traffic

AirAsia India makes 134% growth in passenger traffic

Higher capacity deployment coupled with increased frequency on two routes helped budget carrier AirAsia India to make a robust 134 percent growth in passenger traffic as it flew over half-a-million customers in October-December period of 2015.

Mittu Chandilya not quitting AirAsia India: Tony Fernandes

Mittu Chandilya not quitting AirAsia India: Tony Fernandes

AirAsia India CEO Mittu Chandilya is not quitting the airline, AirAsia Group chief Tony Fernandes said Sunday as he announced that the 2-year old Indian carrier would "shortly" add two aircraft as part of its fleet expansion plans.

Shareholding to remain unchanged at this stage: AirAsia India

Shareholding to remain unchanged at this stage: AirAsia India

AirAsia India is a joint venture between Malaysia's AirAsia Berhard, Tata Sons and Arun Bhatia's Telestra Tradeplace. The start-up carrier has been in the red since starting operations in June 2014.

AirAsia India net loss widens to Rs 65 crore in September quarter

AirAsia India net loss widens to Rs 65 crore in September quarter

No-frills airline AirAsia India saw its net loss widen to nearly Rs 65 crore in the three months ended September 2015 even as revenues rose during the same period.

AirAsia swings to Q3 loss, dragged by Indonesia, forex losses

AirAsia swings to Q3 loss, dragged by Indonesia, forex losses

Malaysia-based AirAsia, the region's biggest budget carrier by fleet size, said Thursday it suffered a loss in the third quarter, bogged down by foreign exchange losses and its Indonesian operations.

AirAsia CEO cried after last year's plane crash: Report

Speaking in an interview with a Singapore radio, 938LIVE, Fernandes said the aftermath of last year's crash was an emotional period, Channel News Asia reported today.

AirAsia CEO Fernandes casts other work aside amid accounting worries

Analysts covering the airline say Fernandes told them that he, and his long-term business partner Kamarudin Meranun, would become more hands on. 

Tata Sons, Telestra in discussions to hike stake in AirAsia

Tata Sons, which partly budgets carrier AirAsia India is looking at hiking its stake in the airline and is in discussions with Telestra Tradeplace in this regard.

Tony Fernandes brings fellow Malaysian into QPR boardroom

Tony Fernandes brings fellow Malaysian into QPR boardroom

Relegated Queens Park Rangers have appointed Malaysian businessman Ruben Gnanalingam as co-chairman alongside owner Tony Fernandes.

AirAsia profit up in Q1 on lower fuel costs

Malaysia-based AirAsia, the region`s biggest low-cost carrier by fleet size, said its first-quarter net profit climbed seven percent year-on-year due mainly to lower fuel and operating costs.

Is AirAsia making the best use of its 171 aircraft?

AirAsia`s rapid network expansion and huge plane orders aimed at meeting what CEO Tony Fernandes once described as "amazing" demand are in the spotlight after the carrier fell into the red for the first time since 2008.

AirAsia plans $300 mn IPO for Indonesia unit in 2016

Budget carrier AirAsia is planning an initial public offering for its Indonesian affiliate around the middle of next year and hopes to raise $300 million, AirAsia boss Tony Fernandes said Monday.

'Shocked' I am in TIME's influential people list: AirAsia chief

Learning that I was among the world's most influential people was shocking at first and an humbling experience, says no-frills carrier AirAsia's CEO Tony Fernandes.