Page 5 - Airasia

Payments to offset high-value deals not bribe: PM Mahathir on AirAsia probe

Mahathir was replying to questions by reporters on the controversial sponsorship deal that executives of Malaysia's AirAsia Group Bhd struck with the budget carrier's sole plane supplier Airbus

After challenging 2019, will 2020 be jet, set and go for Indian aviation

From good times, India's airlines flew into hard times last year, with cut-throat competition ensuring cheap tickets but also pushing some companies in the red. Here is what 2020 might hold for them

AirAsia's deals with Airbus in focus as CEO Tony Fernandes steps aside

Chairman Kamarudin Meranun, too, relinquishes post temporarily over links to bribery scandal

Top headlines: AirAsia CEO quits, companies see Budget helping CV sales

From AirAsia CEO, chairman quitting over bribery scandal to Malaysia saying that palm oil dispute with India is temporary, here are the day's top headlines

Tatas, AirAsia in talks to sort out no-compete rule, signed for their JV

The clause may impede Tatas' bid for Air India

Top headlines: India's direct taxes may fall, fresh summons for AirAsia CEO

From India's first fall ín direct tax collections in two decades to the latest in Tata-Mistry case, here are today's top headlines

Top headlines: SC dismisses AGR review petitions, ED summons AirAsia execs

The Enforcement Directorate (ED) has summoned senior executives of AirAsia including CEO Tony Fernandes for questioning in connection with a money laundering case

Flight returns to Kolkata after drunk woman threatens to blow up aircraft

The woman was arrested and the medical examination suggested that she was in an inebriated state

DGCA suspends AirAsia pilot for runway incursion at Mumbai airport on Nov 5

The pilot-in-command of an AirAsia India flight has been suspended for three months

With their people at key posts, Tatas gain upper hand in AirAsia India

As AirAsia India struggles to find a firm foothold in the competitive domestic aviation space, Tatas are gaining upper hand in steering the no-frills carrier with executives from the conglomerate helming most senior positions, according to a source. A joint venture, majority-owned by Tatas, the airline's other shareholder is Malaysia's AirAsia group. The carrier, which commenced flights nearly six years ago, flew 8.78 lakh passengers garnering 6.8 per cent domestic market share in November. Over the years, there have been concerns raised in certain quarters about alleged role of the Malaysian partner having a bigger say in various matters related to AirAsia India. "Tata Sons has now an upper hand in the management of AirAsia India as against earlier when AirAsia group will call the shots in the matter of key appointments. At present, most of top positions at the carrier including the MD&CEO and CFO have people who have been closely associated with the Tata Group," a source told ...

Tatas to control AirAsia India: Story behind

People in the know said the Tatas sought the amendment after being nudged by the aviation ministry, which is yet to give its nod for the airline's foreign operations

Top 10 biz headlines: Economic revival, Tatas control AirAsia, and more

From GoAir cancelling flights to Bharti Infra-Indus merger, here are the top 10 business headlines for the day

Tatas to get full control of AirAsia India after licensing deal amendment

Tata Sons holds 51 per cent stake in AirAsia India, while AirAsia Berhad holds the remaining 49 per cent

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.

Malaysia's AirAsia posts $12.3-mn Sep-quarter loss on forex fluctuations

In a filing to the bourse, it also recorded a depreciation of right of use of asset, and finance costs for lease liabilities during the quarter

AirAsia to SpiceJet, Asian airlines slash flights to Hong Kong amid unrest

The unrest, raging for almost six months, and an escalating Sino-U.S. trade war has pushed the Asian financial hub into recession for the first time in a decade.

AirAsia India to shift operations to T1 in Mumbai from October 15

Mumbai will become AirAsia India's fourth hub in the country after Bengaluru, New Delhi and Kolkata

Airbus says Malaysian low-cost airline AirAsia X places $5 billion order

The deal takes to 78 the total number of A330neo ordered by AirAsia X

DGCA suspends pilot for 3 months for wrongly transmitting hijack code

The three-month period of suspension would be counted from the date of the incident

No violation of FDI norms in approval to set up AirAsia India, Govt to HC

The government also opposed BJP leader Subramanian Swamy's plea seeking stay on AirAsia India's application for an international flying licence, saying it will take a decision in this regard