Ratan Tata Appointed as Chief Advisor of AirAsia India

Air Asia on 17 June 2013 announced that Ratan Tata, the ex-chairman of the Tata Group was appointed as the Chief Advisor of Air Asia’s India board. In the meanwhile, CEO of the AirAsia India was yet to ne announced. Ratan Tata paved the way for creating joint venture between AirAsia, Arun Bhatia of Telestra Tradeplace and the Tata Group. In the joint venture, AirAsia has 49 percent share, while Tata has 30 percent share. Remaining 21 percent share is held by Arun Bhatia. It is expected that AirAsia will bring competitive pricing in aviation market of India. AirAsia will start its operations by 2013 end. For more current news, stay tuned with us.