AirAsia owner Capital A 'very bullish' on Indian market
AVIATION & AIRPORTS

AirAsia owner Capital A 'very bullish' on Indian market

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
Infrastructure Energy

Cairn becomes India’s 1st oil & gas company to join UNEP’s OGMP 2.0

Cairn Oil & Gas, part of Vedanta Group, has become the first oil and gas producer in India to sign a memorandum of understanding (MoU) with the United Nations Environment Programme's flagship methane reporting and mitigation initiative, Oil & Gas Methane Partnership (OGMP) 2.0. This commitment marks Cairn’s dedication to reducing methane emissions in line with global sustainability goals.OGMP 2.0 provides a comprehensive framework for managing methane emissions, focusing on accurate measurement, reporting, and verification (MRV) to drive effective reductions. Under the MoU, Cairn wil..

Next Story
Infrastructure Energy

HPCL plans significant increase in Iraqi oil imports in 2025

Hindustan Petroleum Corporation Ltd (HPCL), India's state-run oil company, plans to increase its annual crude oil imports from Iraq to 100,000 barrels per day (bpd) in 2025, marking a 43% growth from its current import deal of 70,000 bpd in 2024. This expansion aligns with HPCL’s ongoing refinery upgrades and increased demand for crude.The increased imports will support the expansion of HPCL’s Vizag refinery in Southern India, which is undergoing an upgrade to boost its capacity from 274,000 bpd to 300,000 bpd. HPCL also operates the 190,000 bpd Mumbai refinery and is set to begin operatio..

Next Story
Infrastructure Transport

DPR for Vandalur-Vandavasi industrial corridor to Cheyyar Sipcot under development

The Tamil Nadu Road Development Company (TNRDC) is preparing a Detailed Project Report (DPR) for the development of an industrial corridor connecting Mannivakkam near Vandalur to Vandavasi in Tiruvannamalai district. This proposed corridor will enhance connectivity to the Cheyyar SIPCOT (State Industries Promotion Corporation of Tamil Nadu) Industrial Complex and the Oragadam Industrial Hub, further strengthening the state’s industrial growth.TNRDC has suggested upgrading State Highway-116, which runs from Kancheepuram to Vandavasi, into a six-lane road. The Cheyyar SIPCOT complex, which spa..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000