Date: 11 January 2013
AirAsia plans to launch Indian airline.
NEW DELHI: AirAsia Bhd plans to launch an Indian airline in
partnership with a local promoter, Videocon Group, The Economic Times reported.
Quoting two people close to the development, the newspaper said Asia’s largest
budget carrier was exploring options to set up a company that would be
majority-owned by an Indian promoter, preferably a well-known business group.
AirAsia would hold 49% in the venture that would apply for
an aviation licence, it said.
The Malaysian carrier had broached the issue with the
Videocon Group and the talks were at a preliminary stage, one person said.
Venugopal Dhoot, the chairman of the Videocon Group, confirmed that they had
been approached by the airline. “They had approached us. These were preliminary
discussions. There’s nothing I can say now,” Dhoot said.
Though initially not very enthusiastic about the
liberalisation of foreign direct investment in aviation in India, he is
believed to have changed his mind recently. Videocon Group’s core areas of
business are consumer electronics and home appliances.
In another development, London-based magazine Euromoney has
named AirAsia Bhd the overall best managed company in Malaysia and the best
managed company in Asia in the aviation/airline sector. – Bernama
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