AirAsia India is set to launch its maiden flight Thursday from the southern Indian city of Bangalore to Goa. The new carrier is a joint venture between AirAsia Bhd (49%), the Tata group (30%) and Telestra Tradeplace (21%). The launch marks a significant milestone for India’s airline industry, because it is the first airline with a foreign carrier investment (FDI), allowing foreign airlines to buy up to 49% equity in Indian carriers. It has taken more than a year for promoters to get ...

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