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AirAsia's India JV may face procedural issues-minister

Source : REUTERS
Last Updated: Wed, Mar 06, 2013 05:30 hrs

NEW DELHI, March 6 (Reuters) - AirAsia Bhd's planned joint venture in India could face some procedural problems, India's aviation minister said on Wednesday, without elaborating.

However, Ajit Singh said he does not see any other major hurdles for the venture in India.

India's Foreign Investment Promotion Board is scheduled to meet later on Wednesday to consider the proposal, he said.

Malaysia's AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in India in a venture with the Tata group. The new airline, AirAsia India, will be managed by the Malaysian company and based in the southern city of Chennai. (Reporting by Anurag Kotoky; Editing by Anand Basu)




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