India awards operating licence to Air Asia
Entry of budget carrier likely to spark price war
[NEW DELHI] AirAsia Bhd, the region's biggest budget airline, received an operating licence for its Indian venture as competition intensifies in one of the world's fastest growing air travel markets.
AirAsia chief executive officer Tony Fernandes announced receipt of the permit on his Twitter Inc account.
Prabhat Kumar, head of India's Directorate General of Civil Aviation, didn't respond to three calls to his mobile phone for comment.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US