AirAsia owner Capital A 'very bullish' on Indian market
12 Sep 2023
2 Min Read
CW Team
Capital A, the Kuala Lumpur-based company that owns AirAsia, is actively looking to bolster its presence in the Indian market and attract more tourists to the country, as stated by the company's Chief Executive Officer, Tony Fernandes, on Monday. Despite selling its Indian airline subsidiary to the Tata Group last year, Capital A remains optimistic about India's potential and is eager to collaborate with the conglomerate to further develop opportunities in the region.
Speaking on the sidelines of the 21st Forbes Global CEO Conference, Tony Fernandes expressed the company's bullish outlook on the Indian market, stating, "We are working with the Tata Group and hope to do a lot of work with the conglomerate." This strategic partnership aims to leverage the strengths of both organizations to enhance the aviation and tourism landscape in India.
Last year, Tata Group-owned Air India initiated agreements to acquire a 100% stake in AirAsia India, marking a significant development in India's aviation industry. The merger process also includes the integration of Air India Express, ultimately forming a unified Indian low-cost carrier. The anticipated completion of this merger is set for the end of 2023, following a 12-month consolidation period.
Tony Fernandes highlighted AirAsia's role in facilitating travel to and from India, emphasizing their mission to bring tourists into the country and enable Indian tourists to explore international destinations. AirAsia boasts approximately 15 landing points in India, with the latest addition being Amritsar, connected to the Malaysian capital city.
In line with their commitment to expanding their footprint in India, Fernandes expressed a desire to establish additional connections with secondary and tertiary airports, in addition to terminals T2 and T3. He emphasized AirAsia's commitment to providing enhanced connectivity within India, coinciding with the country's ongoing efforts to develop more airports.
India's burgeoning tourism industry and its expanding aviation infrastructure present significant opportunities for companies like Capital A and the Tata Group to play pivotal roles in driving economic growth and facilitating travel in the region.
Capital A, the Kuala Lumpur-based company that owns AirAsia, is actively looking to bolster its presence in the Indian market and attract more tourists to the country, as stated by the company's Chief Executive Officer, Tony Fernandes, on Monday. Despite selling its Indian airline subsidiary to the Tata Group last year, Capital A remains optimistic about India's potential and is eager to collaborate with the conglomerate to further develop opportunities in the region.
Speaking on the sidelines of the 21st Forbes Global CEO Conference, Tony Fernandes expressed the company's bullish outlook on the Indian market, stating, We are working with the Tata Group and hope to do a lot of work with the conglomerate. This strategic partnership aims to leverage the strengths of both organizations to enhance the aviation and tourism landscape in India.
Last year, Tata Group-owned Air India initiated agreements to acquire a 100% stake in AirAsia India, marking a significant development in India's aviation industry. The merger process also includes the integration of Air India Express, ultimately forming a unified Indian low-cost carrier. The anticipated completion of this merger is set for the end of 2023, following a 12-month consolidation period.
Tony Fernandes highlighted AirAsia's role in facilitating travel to and from India, emphasizing their mission to bring tourists into the country and enable Indian tourists to explore international destinations. AirAsia boasts approximately 15 landing points in India, with the latest addition being Amritsar, connected to the Malaysian capital city.
In line with their commitment to expanding their footprint in India, Fernandes expressed a desire to establish additional connections with secondary and tertiary airports, in addition to terminals T2 and T3. He emphasized AirAsia's commitment to providing enhanced connectivity within India, coinciding with the country's ongoing efforts to develop more airports.
India's burgeoning tourism industry and its expanding aviation infrastructure present significant opportunities for companies like Capital A and the Tata Group to play pivotal roles in driving economic growth and facilitating travel in the region.
Next Story
UP Signs Rail Deal to Boost Logistics Infrastructure
To bolster Uttar Pradesh鈥檚 industrial and logistics ecosystem, Invest UP and the Lucknow Division of Northern Railway signed a memorandum of understanding (MoU) at Lok Bhawan on Wednesday.The MoU, signed by Invest UP CEO Vijay Kiran Anand and Rajneesh Kumar Srivastava, Senior Divisional Operations Manager of Northern Railway, aims to provide railway land to investors at a concessional lease rate of 1.5 per cent of the prevailing industrial or circle rate for a 35-year period.According to the official statement, the move will support the development of warehousing and logistics infrastructure..
Next Story
RVNL Wins Rs 1.16 Bn Railway Electrification Contract
Rail Vikas Nigam Ltd (RVNL) has received a letter of intent from Central Railway for an electrification system upgrade contract valued at Rs 1.16 billion. The project, according to the company鈥檚 stock exchange filing, will be completed within 24 months.The scope of the work involves modification of the current 1x25 kV electric traction system to a 2x25 kV configuration at the feeding system in the Itarsi-Amla section, located in the Nagpur Division. This upgrade is part of broader efforts to modernise and strengthen the efficiency of India鈥檚 railway electrification infrastructure.RVNL cont..
Next Story
Mumbai Rail Network to Expand with New Airport, Port Links
The Maharashtra government鈥檚 infrastructure drive in the Mumbai Metropolitan Region (MMR) will see a major expansion of suburban railway corridors on both Central and Western Railways, with new lines planned to improve airport and port connectivity.The Union Railway Ministry has instructed both zones to conduct feasibility surveys for new lines connecting Navi Mumbai International Airport (NMIA), segregating suburban and long-distance services, and building a new rail link from Dahanu to the upcoming Vadhavan Port in Palghar鈥攖outed as India鈥檚 largest port.On the Central Railway, surveys ..
