AirAsia intends to divest the business, Asia Aviation Capital Ltd, at some point, Fernandes told Bloomberg on Monday but added that the offer needs to be discussed further with the board.
AirAsia Bhd's proposal to set up a joint venture for running a passenger airline with the Tata Group has been approved by India's Foreign Investment Promotion Board, a government statement said on Tuesday.
Amber Dubey, head (aviation), KPMG India told CNBC-TV18 that he is extremely positive on AirAsia's plan to invest in India.
Malaysian carrier AirAsia on Wednesday said, it is seeking approval to establish a joint venture involving unlisted Indian firms Tata Sons and Telestra Tradeplace Pvt.