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Daily Archives: February 20, 2013

AirAsia, Tatas and Amit Bhatia seek approval to start airline in India. Is SpiceJet the target?

AirAsia A320 9M-AHS at Penang airport.

by Devesh Agarwal Malaysian low cost carrier AirAsia Berhad (Ltd.) through its investment arm, AirAsia Investment Ltd. (AAIL) has submitted an application to the Indian Foreign Investment Promotion Board (FIPB) seeking approval for AAIL to invest 49% into a proposed Indian joint venture together with Tata Sons Limited and Mr. Arun Bhatia of Telestra Tradeplace Pvt. Ltd. The expected holding …

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