‘AirAsia In­dia’s Con­trol is with In­dian Par­ties’

The Economic Times - - Companies -

AirAsia on Fri­day as­serted that ef­fec­tive con­trol of its JV AirAsia In­dia is with In­dian par­ties and said "vested in­ter­ests" were try­ing to pre­vent the air­line from of­fer­ing com­pet­i­tive ser­vice and fares.Ac­cord­ing to AirAsia, a pro­vi­sion in the brand li­cense AirAsia In­dia and AirAsia Bhd ex­plic­itly states that sub­stan­tial own­er­ship and ef­fec­tive con­trol of the li­censee re­mains at all times with In­dian res­i­dents.


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