Exciting Airline Merger Ahead! AirAsia India gears up for integration with Air India Express, transforming into AI Express. Quick transition planned, possible completion by March 2024, ahead of schedule. Rebranding & flight code change in progress. Tata Group's strategic move aims for a unified low-cost platform. Travelers to benefit from improved connectivity & operational efficiencies. Stay tuned for this game-changing development in India's airline industry!
1 Aug 2023Singapore Airlines (SIA) and the Tata group have had initial talks regarding the potential increase in stake (reportedly up to 40%) in response to a request from the Singapore-based airline. #singaporeairlines #aviation #tataairindia #india #mint Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
19 Jun 2023A financial penalty of ₹3 lakhs each has also been imposed on 08 designated examiners of Air Asia for failing to discharge their duties as per applicable DGCA Civil Aviation Requirements
3 min read11 Feb 2023Identifying the demand forecast in the festive season and driven by its efforts to enhance the air connectivity, the airline has embarked on a steady growth path as the travel industry recovers, AirAsia India said
1 min read21 Oct 2020The Malaysian airline, the long-haul arm of AirAsia Group Bhd , said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debtThe airline plans to liquidate its small Indonesia-based carrier and has completely written down its stake in Thai AirAsia X in its books
1 min read17 Oct 2020AAX says it has severe liquidity constraints and, with no return to normalcy in sight, ‘imminent default of contractual commitments will precipitate a potential liquidation’
1 min read7 Oct 2020The Tata group, which has the first right of refusal for the 49% stake held by Tony Fernandes-owned AirAsia Bhd in the Indian airline, is weighing at least three alternatives
2 min read7 Oct 2020AirAsia Group Bhd. is closing down its operations in Japan as it grapples with coronavirus-related restrictions on global travel, Nikkei reported, citing an unidentified person close to the low-cost airline.
1 min read1 Oct 2020Both its Malaysian unit and long-haul arm, AirAsia X Bhd plan to cut some hundreds of staff each
1 min read29 Sep 2020Vistara and AirAsia opposed the government’s proposal, made during a Supreme Court hearing in a plea seeking a full refund, saying most customers prefer credit shells
1 min read24 Sep 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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