Page 2 - Air Asia

Tata Group airlines to be top on 10 busiest routes, shows data

On the top 100 routes in terms of departures, Tata Group is ahead of its chief rival IndiGo on 30 of them

AirAsia India loss rises 95% to Rs 1,533 cr in FY21; Vistara's loss narrows

Air travel in FY 2021 was marred by Covid-19 pandemic which led to two-month suspension of flights, grounding of fleet and losses.

Financial bids for Air India likely to be received by Sep 15: Minister

Financial bids for Air India are likely to be received from qualified interested bidders by September 15 this year, Minister of State for Civil Aviation V K Singh said on Thursday

Tatas spread wings in aviation, hike stake in AirAsia India to 84%

Malaysian parent planning to quit the joint venture fully

Tatas negotiate Air Asia's India exit price as airline gets $54 mn offer

Foreign fund making $54 mn offer is ready to prepay airline's expensive loans, but will only invest if Tatas, which hold RoFR, issue no-objection clearance

Rising from the debris

Many Tata loyalists believe that the group has already bitten off more than it can chew

Tata Sons makes Rs 16,439 crore provisions for telecom business

For the fiscal year, at the consolidated level, the company's profit after tax has come down to Rs 10,916 crores from Rs 28,463 crores, mainly due to an increase in exceptional items

Malaysia's AirAsia X asks for creditor help as quarterly loss plunge

AirAsia X Bhd needs creditors' support to ride out the coronavirus crisis, the Malaysian long-haul budget airline said on Wednesday, as it posted a quarterly loss and revenue plunge.

Domestic air traffic rises 6% in July as aviation sector tries to take off

Airlines flew 2.1 mn passengers in July, against 1.9 mn in June

Air Asia picks Kerala-based startup JIFFY.ai for Robotic Process Automation

JIFFY.ai has development centers in Silicon Valley, Thiruvananthapuram, Bangalore and Kochi

Tata group seeks financial partners to bid for crisis-hit Air India

Last date for submitting EoIs for Air India is August 31

Tony Fernandes trims AirAsia India exit price to $50 million amid Covid-19

Tatas in advanced talks to buy 49 per cent stake in Indian joint venture

AirAsia Group weighs raising about $234 million through rights issue

The budget carrier is working with an adviser on the planned capital raising, said the person, who asked not to be named as the information is private.

Experts, passenger associations want airlines to stop advance bookings

All airlines except Air India were accepting bookings for domestic flights beyond April 14 but now those would be cancelled as government extended the lockdown.

AirAsia's Fernandes denies link to bribery scandal after stepping down

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

AirAsia CEO Tony Fernandes, chairman quit over Airbus bribery scandal

Airbus said last week it had agreed to set aside up to 3.6 billion euros to settle a corruption probe by authorities in France, Britain and the United States

ED issues fresh summons to Air Asia CEO, other executives in PMLA case

Few others linked to the present and past management of the airline have also been asked to depose

AirAsia money laundering case: HC asks ED to file its status report

The court directed the probe agency to file its status report in a sealed cover before the next date of hearing on May 14

ED summons Air Asia CEO Fernandes, other executives in PMLA case

The ED probe is related to allegations that the airline tried to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited

ED summons AirAsia executives, CEO Fernandes in money laundering case

The agency had registered a case under the Prevention of Money Laundering Act (PMLA) against the airline and its officials in 2018