AirAsia hunting for a launch partner in India, speaking to Videocon

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The Indian aviation stake sale is on, as now Air Asia is on the hunt on its own, joining Emirates, Etihad and Qatar who are mostly interested in buying stakes in current Indian players.

AirAsia plans to launch an Indian airline with local partnership as the desire to earn share in one of Asia's biggest aviation markets trumps fears of a hypercompetitive industry full of bureaucratic obstacles.

AirAsia will hold 49% in the venture...it has broached the issue with Videocon Group and the talks are at a preliminary stage.

Founder Tony Fernandes' interest in India adds an intriguing twist to the scrappy battle for market share in India between low-fare airlines IndiGo and SpiceJet, the state-owned Air India, and Jet Airways, which has full-service and low-fare options. Heavy debt and a cut-throat price war had savaged the balance sheets of many airlines.

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AirAsia hunting for a launch partner in India, speaking to Videocon

Skift Take

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How Data Quality Issues Impact Global Hospitality Operations

Religious Tourism: The Indian Travel Industry’s Next Big Bet

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U.S. National Parks Had a Record Year. But There’s ‘No Public Announcement’ and Staffing Shortages

First read is on us.
Subscribe to read more essential travel industry news.

First read is on us.

AirAsia hunting for a launch partner in India, speaking to Videocon

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

Religious Tourism: The Indian Travel Industry’s Next Big Bet

6 Travel Startups Raise $168 Million Over 2 Weeks: Funding Roundup

Vrbo Needles Airbnb in New Campaign: We're 'Hotter' and 'Cooler'

U.S. National Parks Had a Record Year. But There’s ‘No Public Announcement’ and Staffing Shortages

First read is on us.Subscribe to read more essential travel industry news.

First read is on us.
Subscribe to read more essential travel industry news.