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The Tatas' flight story
Subject to FIPB approval, the proposed joint venture company will make an application to Indian aviation regulators for the air operators permit. The parties have signed a Memorandum of Agreement that details high-level terms with regards to the proposed partnership.
As a pioneer of the low cost carrier (“LCC”) model in Asia and currently Asia’s largest LCC with 118 aircraft and over 350 orders, AirAsia believes Indian aviation has enormous long-term growth potential and is expected to produce tremendous upside for first movers. The joint venture plans to operate from Chennai, Tamil Nadu focused on providing domestic Tier II/Tier III city connectivity to Indian travelers. Currently, AirAsia through its operations based in Thailand and Malaysia already connect Chennai, Bangalore, Tiruchirappalli, Kochi and Kolkata to ASEAN.