Budget Airline
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AirAsia CEO Tony Fernandes and chairman step aside as Airbus bribery allegations probed; airline shares drop
•Tony Fernandes, one of the aviation industry’s best known executives, and Kamarudin will remain advisers, however, “in view of the current difficult economic circumstances facing the airline industry”, the company added
IndiGo cuts 30 flights daily to 'slightly adjust' schedules; to reduce some flights in March as a proactive measure
Fp Staff •Shortage of pilots continued to hamper operations of budget carrier IndiGo
AirAsia India seeks to have fleet size of 20 aircraft by 2018 to fly overseas
•AirAsia India Chief Executive Amar Abrol also said the company will soon infuse "millions of dollars" to meet its expansion plans
SpiceJet board approves stake sale from Maran to Ajay Singh
Fp Archives •SpiceJet has been struggling to pay its bills due to a cash crunch and had briefly grounded planes in December.
AirAsia on a shopping spree, buys Philippines' Zest Air
Fp Archives •Zest Air has a bigger fleet in the Philippines while AirAsia has a larger network and will make available its fleet of A320 aircraft to Zest Air, making the partnership a good marriage
Air Asia applies for airline JV with Tata Sons
Fp Archives •Malaysia's AirAsia, Asia's biggest budget carrier, said on Wednesday it is seeking approval to establish a joint venture involving unlisted Indian firms Tata Sons and Telestra Tradeplace.
No flight cancellations, says IndiGo
Fp Archives •IndiGo was responding to the DGCA who said the airline was operating 30 less flights than scheduled.