DGCA grants Flying License to AirAsia India

India’s aviation regulator DGCA granted flying license or Air Operator’s Permit (AOP) to the new airline AirAsia India. AirAsia India plans to have a 10-aircraft fleet within a year of start of its operations and these planes would be drawn from A-320 family of aircraft ordered by the AirAsia Group. The air carrier would initially concentrate on connecting non-metro towns and imitate its low-cost, no-frills model that has seen substantial success in Southeast Asia.

The $30 million venture was the first airline to be launched after the FDI norms in aviation were relaxed in September 2012. While AirAsia owns 49% stake in the Indian carrier, Tata Sons has 30% and Telstra Tradeplace holds the rest.

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Categories: Business & Economy Current Affairs 2017

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