AirAsia plans $300 mn IPO for Indonesia unit in 2016

Last Updated: Monday, April 20, 2015, 19:02

Budget carrier AirAsia is planning an initial public offering for its Indonesian affiliate around the middle of next year and hopes to raise $300 million, AirAsia boss Tony Fernandes said Monday.

'Shocked' I am in TIME's influential people list: AirAsia chief

Last Updated: Friday, April 17, 2015, 16:51

Learning that I was among the world's most influential people was shocking at first and an humbling experience, says no-frills carrier AirAsia's CEO Tony Fernandes.

AirAsia offers 3 million seats at discounted prices

Last Updated: Monday, March 23, 2015, 18:00

In one of the biggest discounted sale offers, Malaysian carrier AirAsia today put three million (30 lakh) seats up for grab for destinations including India.

AirAsia CEO Tony Fernandes criticises 5/20 rule in India

Last Updated: Saturday, March 21, 2015, 20:08

AirAsia CEO Tony Fernandes today criticised the '5/20 rule' in India that mandates a domestic carrier to be five-year-old and have a fleet of 20 aircraft being allowed to fly on international routes.

Aircraft with tribute to JRD Tata unveiled

Last Updated: Saturday, March 21, 2015, 18:35

JRD Tata was a visionary who established civil aviation in India for the benefit of its people, Tata Sons Chairman Emeritus Ratan Tata said today after unveiling an AirAsia India aircraft with JRD Tata livery.

AirAsia India unveils aircraft with JRD Tata livery

Last Updated: Saturday, March 21, 2015, 15:47

AirAsia India on Saturday unveiled its fourth aircraft with a livery dedicated to JRD Tata as a mark of respect to the pioneer of civil aviation in the Indian sub-continent.

AirAsia India to induct one more Airbus A320

Last Updated: Wednesday, March 18, 2015, 22:29

The domestic arm of the Malyasia-based airline Air Asia currently has three planes in the fleet to cater to seven airports it operates from in the country.

Forex-rate changes, higher costs result in losses for AirAsia

Last Updated: Thursday, February 26, 2015, 19:06

Budget carrier AiraAsia reported a wider fourth-quarter net loss of 429 million ringgit ($120 million) on Thursday, blaming exchange-rate changes and finance costs related to aircraft purchases.

AirAsia India expects break-even by May-June

Last Updated: Tuesday, February 3, 2015, 21:15

Low fare airline AirAsia India, which had originally set a break-even deadline of last November, is expected to achieve the same by May-June when it hopes to introduce its sixth plane, chief executive Mittu Chandilya said here on Tuesday.

AirAsia X shuffles management, to raise capital

Last Updated: Friday, January 30, 2015, 17:20

Loss-making AirAsia X, the long-haul arm of Malaysia-based budget carrier AirAsia, on Friday shuffled its leadership and announced plans to raise 395 million ringgit ($108 million) to shore up its bottom line.

AirAsia India lowers advance fares, offers one-way ticket at Rs 699

Last Updated: Tuesday, January 27, 2015, 22:41

No-frills carrier AirAsia India has lowered its advance fares, offering its customers one-way ticket prices at as low as Rs 699 with a travel validity period lasting up to March next year.

AirAsia CEO calls for single aviation authority in ASEAN

Last Updated: Sunday, January 25, 2015, 14:52

Tony Fernandes, the Indian-origin founder and CEO of the AirAsia group, has called for a single aviation authority to approve licences to operate in 10 Southeast Asian nations, an issue that assumed significance after the deadly crash of the group's Flight QZ8501.