Ad Here  
Scoot offers just Rs.13,500 to ANZ... Time to fast-pace the logistics sector Techies trip to India IFCI to raise NCDs upto Rs 2000 crore Economic, business and social sustainability Pharma market dozes Is Indian telecom industry heading for a monopoly? Tata Steel commence operations at Kalinganagar Industry-well poised to invest on expansion Striking cords for 25 years… Purdue and IIT-M sign the dotted line Backpack laboratory Nothing to hide... A global plastic event in India Apple maps – finding its way Sun Edison launches solar pumps Adding Zest to Scooty Celebrating 180 years of relevance TII-challenging year with flat growth Steel loses its sheen Focus on self-certification and third party inspection Nigeria comes nearer Connecting the unconnected Durga - India’s largest blast furnace; now operational Ridley marathon to India Realising double digit growth in Tamil Nadu Chola MS launches motor app Murugappa- a year of consolidation Investor friendly Japan Inclusive and forward moving... Automotive Vision Plan II... People Flow Day- Safety WABCO’s second Chennai plant Carrefour’s quick exit STFC raises money Well-refined – RIL’s refinery margins zoom Curbing steel imports will hurt small business... ECGC expands operations Chennai Port is at last decongested! Bridging the skill deficit in pharma industry Applauding enterprise... Research needs more funding Chennai will soon get its World Trade Centre Illicit markets a concern to growing economy TII’s single largest investment at Thiruthani Strategy war escalates between Hero and Honda Smart controls for cooling large multi-zone spaces ... Housing Innovation Challenge, 2015 European crisis is a global crisis! ISRO's 100th mission The new look- 4s Verna Business Briefs Indian Bank – global businesses crosses Rs 3 lakh crore... - Need to focus on ease of doing business... Towards peace of mind Creating Tamil Nadu Banana brand BRICS development bank Celebration time at MS Chola World labour laws at a glance TOP 10 CEO Compensation Hero Motocorp - smooth ride Realty sector takes a break... TVS Logistics – another acquisition to sharpen the business model Placing the right shoe forward... Innovation that helped Chennai port More gensets and diesel engines from TAFE ALL-two launches in a row CUB: towards card-less withdrawal Holiday Inn opens in OMR Chennai SumInfra- corridor based development... ALL to launch electric busses Flexible labour laws… Big-ticket investments march towards Punjab OBO Bettermann for better lightning protection Airlines wage price war Chola MS net crosses 100 crores On the ‘milky’ way Business Breif Veritas Finance- financing the unfinanced Changing dynamics in human resource management ALL – truck industry is recovering from degrowth Four daughters and a proud father Blue Star plans a new plant in south Chennai to get a roundabout Metro When Centre visits the state Three more leather clusters… Schwing Stetter India joins hands with US-based Gomaco Rating of states to be released soon An aerospace-defence cluster in Tamil Nadu… Hyundai excites again Waste, a gold mine LVB gears to become a financial supermarket Dynamic e-commerce scenario Reality bytes Auto test tracks launched at GARC Oragadam campus An American alliance in the chemical industry? Make way for the new and dynamic railways TCS’ revenues cross Rs 100,000 crore Indigo stays leader with 40 per cent share Digital retail transactions stabilise at higher level… TiE applauds innovative entrepreneurs AirAsia India infuses funds to fight out competition Secured NCDs from Shriram City Climate change may change the way businesses work... Economic issues take a back seat at G20 summit Gem of social service... Downsizing spree... TN budget pragmatic and moderate on fiscal deficit Brand leaders come forward...
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 :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236