Aircraft
AirAsia To Launch Indian Operation with Local Partners
Malaysia-based AirAsia has announced plans to launch a new domestic airline in India before year-end. (Photo: Airbus)
Malaysia-based AirAsia has announced plans to launch a new domestic airline in India before year-end. (Photo: Airbus)

Malaysia’s AirAsia has unveiled plans to launch a new domestic airline in India by the fourth quarter of 2013. Under the terms of a deal announced on February 21, the largest low-fare carrier in Asia will hold a 49-percent stake–the maximum holding permitted by the Indian government for a foreign investor–in the new airline. AirAsia is partnering with major Indian industrial groups Tata (to carry a 30-percent stake) and Telestra Tradeplace (21 percent).

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