Conflicting news reports say Tatas want to sell their stake and exit, and that the Malaysian partner Air Asia Berhard wants to bow out.
Going ahead, the government's policy actions for the aviation sector needs to be less myopic
Airlines flew 12.7 million passengers last month compared to 12.5 million passengers on YoY basis.
Fernandes, one of the aviation industry's best-known faces, on Monday stepped aside as chief executive of Asia's biggest budget airline for at least two months
Turkish Airline has a code-share pact with IndiGo, AirAsia owns 49% in AirAsia India
The CBI has accused the airline of allegedly lobbying with government servants for clearances, the removal of the existing 5/20 rule, and changes in regulatory policies
The agency has recently questioned Chief Financial Officer of the airlines Deepak Mahendra
The AirAsia incident opens up the debate on whether to regulate lobbying
AirAsia's stock fell 7 per cent to 3.08 ringgit on Wednesday, the lowest closing price since November 28
Air Asia India is a joint venture of Tata Sons and Air Asia in which the Tatas hold a majority stake
In a move that was largely expected, Air Asia India bid goodbye to its second chief executive officer (CEO) Amar Abrol, one and half years before his term ended
Air passenger traffic in India, the world's fourth biggest market, is growing at over 20 percent annually
The airline offers free flights for India medallists at Rio Olympics, Paralympics