All matters on AirAsia India ops resolved,Ajit Singh

AirAsia India moved a step closer to securing permission to launch operations in the country,with civil aviation minister Ajit Singh today saying that all issues concerning the carrier’s application had been resolved.

Written by Press Trust Of India | London | Published: June 11, 2013 4:33 am

AirAsia India moved a step closer to securing permission to launch operations in the country,with civil aviation minister Ajit Singh today saying that all issues concerning the carrier’s application had been resolved.

“All matters on AirAsia India have been resolved. The proposal has been sent to the Union home ministry for security clearance,” Singh told visiting Indian journalists here.

“Once the home ministry nod comes,civil aviation ministry will give its clearance,” the minister said in response to questions.

AirAsia had in late February announced a 49:30:21 joint venture with Tata Sons and Arun Bhatia of Telestra Tradeplace to launch the airline in the country.

Meanwhile,AirAsia has decided to withdraw from AirAsia Japan,a company it jointly formed with ANA to begin low-cost carrier operations out of Tokyo’s Narita International Airport in August 2012,The Nikkei said.

AirAsia’s CEO Tony Fernandes reached a basic accord on the dissolution after discussions with senior officials of ANA Holdings,which owns ANA,the newspaper said.

Under their accord,the Japanese airline plans to buy the 49 per cent stake held by its Malaysian counterpart and turn the joint venture into a 100 per cent subsidiary.

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