Mahendra, who was appointed in February 2017 for a two-year period, had extended his term by five months.
Mumbai will become AirAsia India's fourth hub in the country after Bengaluru, New Delhi and Kolkata
The Tata Group has two joint ventures in the aviation space. One is with budget airline AirAsia and the other is its stake in full-service carrier Vistara, a joint venture with Singapore Airlines.
Sources have said the restructuring implies the Tatas will manage the AirAsia India operations
The statement revealed that Venkataramanan's office in the Trust's office premises was visited by the authorities and clarifications sought on some papers relating to Air Asia India
The plan is to connect more and more tier II and III cities in India, wherever A320 can go and also start flying international after crossing 20 aircraft, he said
AirAsia India reported a net profit of Rs 132.3 million in October-December quarter 2017, its first since launch in June 2014
AirAsia is also likely to double its passenger traffic to 8 million this year from almost 4 million in 2017
AirAsia is also offering tickets at Rs 444 for international flights under a limited period offer
The guests will get a maximum discount of Rs 1,000 or 20% on the booking
Airlines says leasing cost will go up to Rs 10 cr due to levy on imports and GST on lease rentals
The airline flew 8.4 lakh passengers in the Jan-March quarter of the current year
Chandilya has been asked to report to the investigating officer of the case by the middle of this month
CEO Amar Abrol says airline is charting path to generate enough revenue on its own
Regulator says commercial agreement with AirAsia Malaysia doesn't violate norms
However, profitability to remain under pressure due to the investment in building of capacity
After CFO Ankur Khanna's recent exit, several Tata old timers are among those shortlisted for post
Sale offers by Jet Airways, and AirAsia India is aimed at increasing their advance booking
Currently, the airline flies to 11 destinations with its two hubs in Bengaluru and New Delhi
The contract made was very 'generic' unlike company's others contract