Tata said Malaysia’s Air Asia, its partner in the low-cost carrier (LCC) Air Asia India, is fully aware of its deal with Singapore Airlines. “Air Asia has no objection to the deal,” said a Tata Sons spokesperson.
The company said that the two ventures will have separate focus as the partnership with SIA will operate in the full-service segment, and not in the LCC space.
But some industry observers said they are concerned about the future of Air Asia India, considering the regulatory hurdles faced by it so far and the delay in starting operations.
“This announcement could play out negatively on Air Asia’s regulatory approval as Tatas have a 30% stake in the JV,” said Kapil Kaul, CEO, South Asia, the Centre of Asia Pacific of Aviation (CAPA).
REad News In full 20/09/13 Yuga Chaudhari/Daily News & Analysis
Sunday, 22 September 2013
Doubts cloud AirAsia India
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