Air India Express-AIX Connect merger: Less fireworks expected
AirAsia India, renamed AIX Connect in December 2022, is currently flying with a fleet of 28 A320 planes.
AirAsia India, renamed AIX Connect in December 2022, is currently flying with a fleet of 28 A320 planes.
India’s airlines are collectively a whisker away from calling Mayday thrice
Tata Group, which owns both carriers along with Air India Express and Vistara, has been trying to promote synergy between its airlines.
The Tata group has evinced interest in buying Air India, even as it already owns loss-making airlines AirAsia India and Vistara. Despite its deep pockets, turning around Air India may not come easy.
The managing trustee’s departure is, in part, a function of the blows exchanged with former Tata Sons chairman Cyrus Mistry.
Five years after it made its formal return to aviation, Tata Group finds itself facing a conundrum. Does it choose a complex merger with Jet Airways or be patient and grow organically?
The appointment comes into effect on November 15.
Anand Mahindra, known to be a risk-taker, is leading the electric vehicles play in India. But as the market grows and competition drives in, can Mahindra maintain pole position?
Tata Trusts managing trustee and AirAsia India director R. Venkataramanan summoned to appear for questioning on July 3.
While admitting that it did lobby for removal of 5/20 rule, it clarified that it did not resort to any impropriety in obtaining the approvals.