In case the buyout happens, the Tatas may have to face some queries by the Competition Commission of India (CCI) since it will then be majority owner in two airlines
AirAsia India is expected to soon effect its first management revamp since commencing operations in June last year.
According to multiple sources, Tata Sons may be already in discussions with Telestra Tradeplace's Arun Bhatia for buying out much or all of his 21 percent stake in AirAsia India at undisclosed valuations.
New govt not a challenge to run operations: AirAsia CEO
The proposed joint venture (JV) airline of industrial conglomerate Tata Sons and Singapore Airlines plans to start operations from September 1, according to an application for an operating license submitted to the safety regulator.
Palekar and his wife found their names deleted from the voter list on and could not vote. Their application points out that both had voted in the Municipal Corporation elections earlier
But will this step be able to do away with corruption, or at least, will it be able to bring it down significantly? While the AAP remains confident about the anti-corruption measure, a lot of critics remained sceptical.
Allegations are flying thick and fast that the civil aviation ministry sweetened the Jet Airways-Etihad stake deal with an air service agreement with Abu Dhabi; there is all round pessimism about the economy; and, to top it all, critics have been flaying the UPA-II for delayed decision making on issues related to business.
Barely 24 hours after the Tatas announced a joint venture with Singapore Airlines for setting up a full service airline from scratch, one of Tatas' partners in the first airline venture seems miffed.
Politicians won’t change the ‘system’. It is foolish to expect them to do that. The answer has to come from within the bureaucracy.
Voters have rejected citizen groups’ candidates in the Maharashtra civic polls with a reason.