AirAsia Airbus A320. By Kurt Hofmann Southeast Asia’s biggest budget airline, AirAsia Berhad, has tied up with Indian business conglomerate Tata Group to launch a new airline in India. AirAsia has applied to India’s Foreign Investment Promotion Board to take 49% in the venture with Tata Sons and a third investor-partner, Arun Bhatia. The new budget carrier will increase competition in the Indian skies, where most airlines are losing money. AirAsia founder Tony Fernandes ...

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