New Delhi: On a day when union aviation minister Ajit Singh cleared the AirAsia India proposal to launch a low cost airline in India, cracks appeared in the relationship between its joint venture partners - AirAsia, Arun Bhatia and the Tatas. And it's the Tata Sons' tie-up with Singapore Airlines to launch a full service carrier which has reportedly irked Arun Bhatia of Telestra Tradeplace, who is among the three partners in the airline venture.
Bhatia, who has a 21% stake in AirAsia India, has told ET Now that it was 'unethical' of the Tatas not to keep the partners informed about their proposed full service venture with Singapore Airlines. The ET Now report said that Bhatia was willing to buy out Tata Sons' 30% stake in AirAsia India, if offered. The Malaysian LCC has a 49% stake in the budget airline that is expected to be launched by the year-end. Bhatia did not respond to TOI's calls on the issue.
The Air Asia file will now be sent to DGCA for licence issuance, which is just a mere formality. " Singh told TOI on Friday night.
Read News I*n full 21/09/13 Saurabh Sinha/Times of India
Sunday, 22 September 2013
Tata-SIA venture irks AirAsia JV partners
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