by Devesh Agarwal Malaysian low cost carrier AirAsia Berhad (Ltd.) through its investment arm, AirAsia Investment Ltd. (AAIL) has submitted an application to the Indian Foreign Investment Promotion Board (FIPB) seeking approval for AAIL to invest 49% into a proposed Indian joint venture together with Tata Sons Limited and Mr. Arun Bhatia of Telestra Tradeplace…
Earlier this month, all 3 of India’s publicly traded carriers announced their results for the first quarter of Fiscal Year 2012. Devesh has already taken a look at the operating parameters for the quarter, so I’ll be digging into the raw data itself. The three carriers to be studied are; Jet Airways Group; composed of…
After six months of discussions, it is finally official. Media baron and political heavyweight, Kalanithi Maran will acquire a majority stake in low fare carrier SpiceJet.Mr. Maran in his individual capacity and via his aviation company KAL Airways jointly owned with wife Kaveri, will initially acquire the 37.73% stake of the Kansagara family promoted Royal…
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