The Bengaluru-based airline, which is a joint venture between Tata Sons and Malaysia's AirAsia Berhad, raised its fleet size to nine aircraft from six in the first quarter of the previous year, AirAsia India said in a statement.
Despite tremendous gains in SpiceJet, Jet Airways, which saw 11 and 4.5 percent rise respectively in a single day, analysts see further uptrend for aviation stocks.
The Enforcement Directorate has summoned former AirAsia India CEO and MD Mittu Chandilya in connection with a FEMA probe.
Allegations have flown thick and fast ever since Cyrus Mistry was ousted as Chairman of the fabled Tata Group.
After its largest ever graft probe, Britain's Serious Fraud Office (SFO) found Rolls-Royce paid massive bribes over three decades to win contracts in Indonesia, Thailand, India, Russia, Nigeria, China and Malaysia.
The Cyrus Mistry and Ratan Tata saga seems to be unending with Cyrus Mistry's family companies filing three fresh affidavits in the National Corporate Law Tribunal (NCLT).
As more and more capacity is added, the company's profitability is hit, says Fernandes. He does not feel the company will turn profitable in 2017. However, he feels the company should start making profits by mid-2018.
CBI is examining the matter pertaining to allegedly suspicious transactions of Rs 22 crore involving non-existent entities in India and Singapore in AirAsia, an issue already being probed by the Enforcement Directorate.
ED is probing ousted Tata Group Chairman Cyrus Mistry's allegation that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving the airlines.
The matter was listed for hearing today but could not be taken up as the judges were not available for hearing it. The hearing was posted for February 23 next year.
Eight months after taking over the reins of AirAsia India as CEO, Amar Abrol has been appointed Managing Director of the no-frills airline in addition to the current role.
Budget carrier AirAsia India (AAI) flew 5.89 lakh passengers in three months ended September, 2016, a 42 per cent increase from the number of passengers who flew in the airline in the year-ago period.
Cyrus Mistry was removed as chairman of the 148-year-old Tata group this week in a move that stunned corporate India. Mistry has since accused his predecessor Ratan Tata of thwarting his attempts to restructure the USD 104 billion Indian conglomerate.
The decision of not allowing the latest Galaxy Note series smartphone comes after a recent ban by US Department of Transport on the device and reports of replacement units catching fire, AirAsia said in a release.
In a major reshuffle in its management team, budget carrier AirAsia India today announced a series of appointments, including that of heads of flight operations, legal and strategy and planning.
Private carrier Jet Airways today announced special offers with base fare starting as low as Rs 396 on select domestic routes.
The airline's year-end sale has fares starting from Rs 999 inclusive of all taxes for a one-way journey to domestic destinations such as Bengaluru, Kochi, Hyderabad, New Delhi, Guwahati, Jaipur, Pune, Imphal among other destinations connected by AirAsia India, it said.
Low-cost carrier AirAsia on Tuesday said passengers of their flights departing from Kempegowda International Airport here on September 13 can reschedule their travel at no charge due to logistical difficulties that they may face in getting to the airport following the outbreak of violence over the Cauvery issue.
No-frills carrier IndiGo saw its market share climb to 39.8 percent -- the highest for any local airline -- last month. It had a market share of 37.9 percent in June.
The airline, a tie-up between Malaysian carrier AirAsia Bhd and India's Tata Sons conglomerate, said it planned to add a seventh A320 jet to its fleet and bring the south Indian city of Hyderabad into its network of destinations by September.
The most eagerly awaited Rajnikanth film ‘Kabali’ released on 22 July. The film released in 4500 screens in India, and 400 in America and ...
Advertising watchdog ASCI has pulled up Patanjali Ayurved, HUL, PepsiCo, Britannia, Pizza Hut, Amazon, LG Electronics, Voltas, Axis Bank, AirAsia and Flipkart, among others, for running misleading ad campaigns.
The Malaysia-based carrier, headed by tycoon Tony Fernandes, has hired three investment banks to run the sale of the Asia Aviation Capital stake, the people said. They declined to be identified as the discussions were confidential.r told Reuters.
AirAsia group chief Tony Fernandes has said it was hard to do business in India due to protectionist policies and "vested interests", but his joint venture carrier AirAsia India was here for a long haul.
AirAsia chief Tony Fernandes has expressed willingness to buy stake from Tatas in AirAsia India provided it is on sale even as he emphasised that the airline joint venture is working well.