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India government board OKs AirAsia's investment plan - TV

Source : REUTERS
Last Updated: Wed, Mar 06, 2013 07:24 hrs
An employee sorts Indian currency notes at a cash counter inside a bank in Agartala

India's Foreign Investment Promotion Board has approved AirAsia Bhd's proposal to set up an airline jointly with the Tata group, two television channels reported, citing sources.

Malaysia's AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in India. The new airline, AirAsia India, will be managed by the Malaysian company and based in the southern Indian city of Chennai.

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