Page 2 - Air Asia

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

Air Asia India to fly to Bangkok and Kuala Lumpur from September-end

Air Asia India keen to apply for West Asia slots vacated by Jet Airways

Ex-CEO Mittu Chandilya challenges AirAsia brand-licensing deal

The lawyers say Air Asia India needs to revoke the licensing agreement so that management control moves from Malaysia to India, as required by FDI guidelines

Former AirAsia CEO Chandilya files petition against company's civil suit

The allegation that Chandilya was involved in fraudulent transactions of Rs 220 million during his tenure was based on the audit report

No CBI summons received for AirAsia or CEO Tony Fernandes, says airline

A CBI source reiterated that Fernandes had been summoned to appear before investigators but did not clarify if that summons had been delivered

AirAsia case: Tatas feel the heat from Cyrus Mistry's hot spots

The matter assumes significance as NCLT is set to give a date of judgement on June 12 on a plea filed by Mistry on his removal by the Tata Sons board.

AirAsia case: Venkatramanan says wrongly accused by CBI, slams Cyrus Mistry

The budget carrier is majority-owned by the Tatas, and Venkataramanan has around 1.5 per cent shareholding in the joint venture with AirAsia Berhad.