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Malaysia's AirAsia forming airline JV with Tata

02/21/2013| 5:44:34 PM| 中文

Malaysia's AirAsia Bhd(AIRA.KL), Asia's largest budget carrier, plans to launch a regional airline in India in a venture with the Tata group, marking a return to aviation for India's biggest business house.

By Al-Zaquan Amer Hamzah and Anurag Kotoky

KUALA LUMPUR/NEW DELHI (Reuters) - Malaysia's AirAsia Bhd(AIRA.KL), Asia's largest budget carrier, plans to launch a regional airline in India in a venture with the Tata group, marking a return to aviation for India's biggest business house.

The new airline, AirAsia India, will be managed by the Malaysian company and based in Chennai. Serving smaller cities, it will enter a fiercely a competitive Indian market that has proved challenging for AirAsia.

Read full story at: http://in.mobile.reuters.com/article/businessNews/idINDEE91J05M20130220?i=1

TAGS: AirAsia | Tata Group | Air India
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