24.2.14

AirAsia India

The Tata Sons-AirAsia JV crossed the final hurdle with DGCA disposing of all the objections against the proposed low-cost carrier (LCC). The new LCC may get the licence within a fortnight and start flying soon.
The DGCA had received about 20 objections from, among others, the Federation of Indian airlines and BJP leader Subramanian Swamy. Their plea was that FDI by foreign airlines had been allowed into existing Indian airlines and not for creating JV startups.
“The government has clearly said that FDI was for both existing and startup airlines. The matter was taken to court which also ruled that it was for the government to interpret the FDI rule. So all the objections have been disposed of, and once AirAsia meets all the requirements, it will be granted an airline operator permit (AOP),” said an official. 

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