AirAsia submitted a request to start a joint venture to begin AirAsia India earlier this year, partnering Tata Sons Limited and Arun Bathia of Telestra Tradeplace Pvt. Ltd., and was granted a formal approval by the Foreign Investment Promotion Board (“FIPB”) of India two months later in April.
Mittu Chandilya, Chief Executive Officer of AirAsia India said, “We are very thankful to the Ministry of Civil Aviation for granting the no objection certificate to us so quickly. This is the fastest an NOC has been granted and with this, we will focus on obtaining the Air Operating Permit.
He added, “We will continue with our preparations and get ourselves ready for take-off once the Air Operating Permit is acquired and we look forward towards being one of the dynamic contributors to the development of the Indian aviation industry.”
AirAsia India is confident that it will be able to replicate the success of its counterparts in Malaysia, Thailand, and Indonesia; and enabling people to fly affordably through superior operational performance by emphasizing a focused and disciplined cost structure will tremendously benefit the Indian consumer.
The airline currently has a fleet of three Airbus A320 aircraft and over 200 staff at the moment. AirAsia, the leading and largest low-cost carrier in Asia, services the most extensive network with 85 destinations.
Within 12 years of operations, AirAsia has carried over 200 million guests and grown its fleet from just two aircraft to over 140.