Monday, July 8, 2013

NEWS | AirAsia to invest 30 million dollar for Indian joint venture with Tata Group, to offer free tickets

AirAsia aircraft

Malaysian low-cost carrier AirAsia initially plans to invest $30 million in its Indian joint venture airline with the Tata Group, its chief executive officer Tony Fernandes said here on Wednesday.

"The potential of India was always there in my eyes. I was waiting for the market to become conducive for us so that we can stay here for a fairly long time and I think the tide is now turning very quickly. So we felt that this is the right time to come to India," he said, addressing a press meet.


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