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