Ad Here  
April
May
June
July
August
September
 
 
Holiday Inn opens in OMR Chennai Connecting the unconnected Hero Motocorp - smooth ride Celebration time at MS Chola SumInfra- corridor based development... On the ‘milky’ way Striking cords for 25 years… People Flow Day- Safety Rating of states to be released soon Realty sector takes a break... Big-ticket investments march towards Punjab Reality bytes Hyundai excites again Smart controls for cooling large multi-zone spaces ... More gensets and diesel engines from TAFE Ridley marathon to India Sun Edison launches solar pumps Digital retail transactions stabilise at higher level… Scoot offers just Rs.13,500 to ANZ... TCS’ revenues cross Rs 100,000 crore Durga - India’s largest blast furnace; now operational TII-challenging year with flat growth An American alliance in the chemical industry? Housing Innovation Challenge, 2015 ECGC expands operations Backpack laboratory Economic issues take a back seat at G20 summit Flexible labour laws… Dynamic e-commerce scenario Carrefour’s quick exit Well-refined – RIL’s refinery margins zoom Inclusive and forward moving... AirAsia India infuses funds to fight out competition Waste, a gold mine Celebrating 180 years of relevance Chola MS launches motor app When Centre visits the state TOP 10 CEO Compensation Brand leaders come forward... TII’s single largest investment at Thiruthani Nigeria comes nearer ALL – truck industry is recovering from degrowth Towards peace of mind Placing the right shoe forward... Realising double digit growth in Tamil Nadu Steel loses its sheen Downsizing spree... Purdue and IIT-M sign the dotted line WABCO’s second Chennai plant Schwing Stetter India joins hands with US-based Gomaco Chennai will soon get its World Trade Centre LVB gears to become a financial supermarket Business Breif World labour laws at a glance Changing dynamics in human resource management Tata Steel commence operations at Kalinganagar Focus on self-certification and third party inspection Indian Bank – global businesses crosses Rs 3 lakh crore... Need to focus on ease of doing business... Business Briefs - Curbing steel imports will hurt small business... Time to fast-pace the logistics sector Techies trip to India Creating Tamil Nadu Banana brand Climate change may change the way businesses work... TVS Logistics – another acquisition to sharpen the business model ISRO's 100th mission Chola MS net crosses 100 crores Economic, business and social sustainability Research needs more funding Three more leather clusters… Airlines wage price war Auto test tracks launched at GARC Oragadam campus Veritas Finance- financing the unfinanced CUB: towards card-less withdrawal Blue Star plans a new plant in south ALL-two launches in a row ALL to launch electric busses Pharma market dozes TN budget pragmatic and moderate on fiscal deficit Investor friendly Japan Chennai to get a roundabout Metro A global plastic event in India Automotive Vision Plan II... Applauding enterprise... The new look- 4s Verna Strategy war escalates between Hero and Honda European crisis is a global crisis! Indigo stays leader with 40 per cent share Illicit markets a concern to growing economy Nothing to hide... Bridging the skill deficit in pharma industry Chennai Port is at last decongested! IFCI to raise NCDs upto Rs 2000 crore Gem of social service... Innovation that helped Chennai port Four daughters and a proud father BRICS development bank An aerospace-defence cluster in Tamil Nadu… TiE applauds innovative entrepreneurs Make way for the new and dynamic railways Apple maps – finding its way Industry-well poised to invest on expansion Secured NCDs from Shriram City STFC raises money OBO Bettermann for better lightning protection Adding Zest to Scooty Is Indian telecom industry heading for a monopoly? Murugappa- a year of consolidation
 
AirAsia India infuses funds to fight out competition

AirAsia India will be introducing capital into the company shortly and by the end of 2017 the company will be in a position to take off on international routes. This infusion of fresh capital plus the planned overseas operations will help make the airlines profitable. According to a new rule, a domestic airline can fly overseas if they deploy either 20 planes or 20 per cent of their total capacity for local operations.

AirAsia India is co-owned by Tata Sons and AirAsia Malaysia with 49 per cent shares each. Tata group veterans, S Ramadorai and R Venkataramanan, hold the remaining two per cent. The fleet currently boasts of six Airbus A320 aircraft and the management plans to raise this to 20 by 2017-end. With a market share of 2.2 per cent, the airlines operated 40 daily flights with Bengaluru and Delhi as the base.

The airline’s board has come out with a rights offer of Rs 234 crore. The money will help the airline increase its national presence and also start its footprints in the international arena. The company brought down its loss to Rs 7.86 crore in the quarter ended 31 March 2016 from the loss of Rs 31 crore during the same period last year.

The Group CEO of Malaysia’s Air Asia Berhad, Tony Fernandes, was recently given the Overseas Citizenship of India Status, which is similar to the Non-Resident India status. This change in status will allow him 100 per cent shareholding in Indian carriers through automatic route. Based on this Tony had also announced that he was willing to buy out the Tatas.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com