For Tata Group, getting into aviation was more of an emotional decision given that the group's patriarch JRD Tata pioneered the concept of aviation in the country by founding Air India in 1932

AirAsia India started operations in June 2013 and flies to 21 destinations. While Tatas have 51 per cent stake, the remaining shares in the airline are with AirAsia Investment Ltd, the investment arm of AirAsia Group

Given the myriad troubles plaguing AirAsia India, finding a buyer for the Tatas' stake won't be easy.

The chief's office had been lying vacant since Amar Abrol resigned from the position in May citing personal reasons, and reportedly moved back to the airline's headquarters in Malaysia to work on other projects.

Business Today is in possession of an audio conversation where former CEO of AirAsia India Mittu Chandliya is giving a presentation to his boss Tony Fernandes in the presence of lobbyist Rajender Dubey. In the conversation, Fernandes says that he is ready to get the international routes for AirAsia India through \"dirty ways\".

AirAsia CEO Tony Fernandes seems to have landed himself in a soup. The Malaysia-born aviation tycoon, who wanted his Indian airline venture to fly internationally, was on Tuesday named in an FIR filed by the CBI.

AirAsia India, which is a joint venture between Tata Sons and AirAsia Berhad, was started in 2013 as a low-cost carrier, and currently flies 18 Airbus A320s. AirAsia India marked the re-entry of Tata Group in the aviation sector after a long break.

The aviation sector is notorious for grounding the well-laid-out plans of savviest business heads.

Tata Sons will hike its stake in AirAsia India to 49 per cent by acquiring additional shares from Arun Bhatia's Telestra, which will be exiting the no-frills airline.

The immense popularity of Prime Minister Narendra Modi has finally earned him a place in Madame Tussauds, a museum known to create and put on display the wax statues of celebrities and politicians from across the globe.

There are reports that Mittu Chandilya, the young boss at low-cost airline AirAsia India, has decided to call it quits in less than three years after joining the carrier.

The offer will be valid for travel on AirAsia Berhad, AirAsia India and Thai AirAsia flights, the airline said in a release.

The loyalty programme Big offers its members a slew of benefits including free flights and add-ons such as baggage, meals, hot seats, among others.

AirAsia has been seeking to address market concerns of high debts and dues owed by Indonesia AirAsia and Philippines AirAsia and said quarterly results from both associates missed their forecasts.

The low-cost carrier has also offered an all-in-fares from as low as Rs 3,990 for the two new flights for a limited period with travel validity going up to February next year.

Internationally, the Malyasian budget carrier has lowered its fares for as many as destinations across 20 countries, a release said.

Chandilya, who has been serving as CEO since the inception of the no-frills airline, would be part of the board now.

The airline, which is facing stiff competition, is also set for top management reshuffle with CEO Mittu Chandilya expected to be elevated as Managing Director in addition to his current responsibility.

The airline, part-owned by Malaysia's AirAsia Bhd, has carved out a 1 per cent share of a market enjoying double-digit annual growth in passenger numbers.