Telestra Tradeplace

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.

Swamy moves HC for suspension of AirAsia licence

BJP leader Subramanian Swamy on May 11 moved the Delhi High Court seeking "immediate suspension" of flying licence granted to airline AirAsia India alleging that it had obtained it through "fraud".

Tata Sons to hike AirAsia India stake to 49%

Telestra Tradeplace holds nearly 10 per cent stake in the low-cost airline. While Tata Sons would buy 7.94 per cent shareholding, the remaining stake would be purchased by the carrier's two directors -- S Ramadorai and R Venkataramanan, in their individual capacity.

AirAsia India makes 134% growth in passenger traffic

The airline carried a total of 5,08,407 passengers during the period as compared to 2,17,209 passengers flown by AirAsia India in the October-December quarter of calendar year 2014.

Shareholding to remain unchanged at this stage: AirAsia India

AirAsia India is a joint venture between Malaysia's AirAsia Berhard, Tata Sons and Arun Bhatia's Telestra Tradeplace. The start-up carrier has been in the red since starting operations in June 2014.

AirAsia India sees improved occupancy in Sept quarter

The no-frills airline carried 4,16,182 passengers in the three months ended September, higher than 1,28,089 people flown during the year-ago period, according to latest operational statistics report released by AirAsia Berhard today.

Tata Sons, Telestra in discussions to hike stake in AirAsia

The Tata Group and Telestra Tradeplace are in discussions regarding raising stake in the airline, AirAsia Group Chief Executive told in an interview to a private business news channel.

Why abolishing 5/20 may not really benefit new airlines

As per the proposal by the aviation ministry, new airlines will be barred from flying to Gulf, Southeast Asia. For flying to these destinations, new airlines will need 600 DFCs (Digital Flying Credits).

AirAsia India gets closer to getting flying permit

The objections raised by FIA and others on the AirAsia India issue have been "disposed of", official sources told PTI here. Thus, AirAsia India, a joint venture of Malaysian carrier AirAsia, Tata Sons and Telestra TradePlace, moved a step forward towards getting the Air Operators Permit or the permit to fly.

India has bizarre rules for airline ops: Tony Fernandes

Maintaining that the Indian airline industry has "not done a good job" to explain to the government the importance of aviation for the economy, Fernandes said "it is a shame that India has lost many years.

AirAsia hits back at Swamy for calling the deal fraudulent

Responding to Swamy's allegation, AirAsia CEO Tony Fernandes said that the Indian aviation industry is missing great opportunities due to vested interests

Tata, AirAsia chief Fernandes meet Aviation Minister

Ratan Tata, AirAsia chiefTony Fernandes met Civil Aviation Minister Ajit Singh to brief him about the developments associated with the launch of the budget airline- AirAsia India.

Air Asia-Tata JV seeks permission for aircraft leasing

Air Asia and the Tata Group which have proposed to set up a domestic airline along with Arun Bhatia of Telestra Tradeplace, has sought approval for renting and leasing of aircraft, besides carrying of air freight

AirAsia's India foray good news; see more competition: KPMG

Amber Dubey, head (aviation), KPMG India told CNBC-TV18 that he is extremely positive on AirAsia's plan to invest in India.

AirAsia ropes in Tatas to launch airline; seeks FIPB nod

In the first announcement since the FDI policy for aviation was liberalised, Malaysian carrier AirAsia today said it has sought government's nod to launch a new Indian airline and has set up a joint venture with Tata Group, as well as an investment firm for the purpose.