http://profit.ndtv.com/news/corporates/article-airasia-incorporates-indian-venture-files-all-papers-with-corporate-affairs-ministry-320238
Gearing up to launch services in partnership with Tatas, Malaysian low-cost carrier AirAsia has incorporated a company in India with the filing of all requisite documents with the Ministry of Corporate Affairs.
The venture, AirAsia (India) Pvt Ltd, was incorporated as an "Indian non-government company" with its registered office in Mumbai. It will be an "unlisted" company, as per the documents filed with the Registrar of Companies (RoC).
The private sector company was incorporated on March 28, 2013 with an initial authorised capital of Rs. 5 lakh.
A company can change its share capital, as also other details, at a later stage.
Most of the existing air carriers present in the country, including SpiceJet, Go Air, Kingfisher, Jet Airways and IndiGo have authorised share capitals running into hundreds of crores of rupees, their RoC filings show.
Among various documents submitted by AirAsia (India), the incorporation certificate was filed on March 28, while Article of Association, Memorandum of Association, image of airline logo and other forms were filed earlier on March 11.
Prior to that, AirAsia had registered the name for its Indian venture on March 1, after getting the necessary approval from the ministry.
The filing process for this new venture has been completed on a fast-track basis, a senior official said.
AirAsia chief Tony Fernandez has also tweeted that the company formation has been done for the Indian venture.
"Airasia India pvt has been formed. One more step. Been studying the Indian market hard. Exciting. We can make a difference," he wrote on the micro-blogging site.
The Foreign Investment Promotion Board has already approved investment in the new venture, wherein Malyasia-based AirAsia would hold 49 per cent stake, Tata Sons will have 30 per cent and 21 per cent stake would be owned by Telestra Tradeplace's Arun Bhatia, whose son is married to the daughter of NRI billionaire Lakshmi Mittal.
Being started with an initial investment of $14.5 million (about Rs. 80 crore), AirAsia India will compete in the domestic passenger aviation space with Jet Airways, Spicejet, IndiGo, Go Air and state-run Air India.
The airline now needs to get a no-objection certificate from the Aviation Ministry,
and thereafter an air transport license from the DGCA (Directorate General of Civil Aviation) to be declared a scheduled airline.
AirAsia India would also mark the re-entry of Tatas into the aviation space after about 60 years of JRD Tata-founded Air India being nationalised in 1953.
AirAsia and Tatas announced their plans to start the low-cost airline in India on February 20, while the FIPB approved the foreign investment for the venture in March.
Sunday 31 March 2013
Thursday 14 March 2013
AirAsia may fly from Chennai to Bangalore, Kolkata, Kochi
As listed on Airline Network and News analysis website, whose predictions are based on potential passenger market size, distance from Chennai & competition
AirAsia may launch flights to Bangalore, Kolkata, Coimbatore, Kochi, Nagpur and Bhubaneshwar from its Chennai base, an aviation website has said. The Malaysian-based low-cost airline plans to start its India operations by the end of this year. The airline's group CEO Tony Fernandes has said the airline will link tier II and tier III cities from Chennai with 3-4 Airbus A320s in its initial launch phase. Fernandes also ruled out operations to Delhi and Mumbai because of high aeronautical tariffs.
Airline Network and News Analysis, a website which tracks route planning and network development news has evaluated AirAsia's potential network in India. AirAsia did not respond to an email query on the issue. However, an official involved in the launch of the service in India said all these routes are possible. "It is too early to say which routes AirAsia will fly and which will be the inaugural service,'' the official said.
The website's predictions are based on the potential passenger market size, distance from Chennai and competition.
"As low-cost airlines typically like to 'join-the-dots', Bangalore and Kolkata would seem to be the most likely Tier I opportunities, as AirAsia already flies to both destinations from Kuala Lumpur. Competition on the Kolkata route will be against Jet Airways, SpiceJet, Air India and IndiGo – a combined 56 weekly flights – and it will be fiercer on Bengaluru, where the same four airlines fly 101 weekly services,'' the website has said.
It also states that AirAsia could look to start new routes from Chennai. Currently there are no direct flights from Chennai to Guwahati, Lucknow, Jaipur, Srinagar, Nagpur, Bhubaneshwar and Indore. The website claims that the airline could launch flights to Nagpur and Bhubaneshwar which have connectivity with Mumbai and Delhi but do not direct have air link to Chennai. Another possible route includes Chennai-Surat, the websites says.
The routes which AirAsia will fly will also depend on whether it secures a national operating permit or regional permit. While civil aviation minister Ajit Singh said there will be no problem in AirAsia getting a national permit a section of officials in the ministry believe that the airline should first be only granted a regional permit. Other issues related to potential network will depend on route dispersal guidelines which make it mandatory on airlines to fly certain routes including those to North East or Andaman and availability of slots.
AirAsia may launch flights to Bangalore, Kolkata, Coimbatore, Kochi, Nagpur and Bhubaneshwar from its Chennai base, an aviation website has said. The Malaysian-based low-cost airline plans to start its India operations by the end of this year. The airline's group CEO Tony Fernandes has said the airline will link tier II and tier III cities from Chennai with 3-4 Airbus A320s in its initial launch phase. Fernandes also ruled out operations to Delhi and Mumbai because of high aeronautical tariffs.
Airline Network and News Analysis, a website which tracks route planning and network development news has evaluated AirAsia's potential network in India. AirAsia did not respond to an email query on the issue. However, an official involved in the launch of the service in India said all these routes are possible. "It is too early to say which routes AirAsia will fly and which will be the inaugural service,'' the official said.
The website's predictions are based on the potential passenger market size, distance from Chennai and competition.
"As low-cost airlines typically like to 'join-the-dots', Bangalore and Kolkata would seem to be the most likely Tier I opportunities, as AirAsia already flies to both destinations from Kuala Lumpur. Competition on the Kolkata route will be against Jet Airways, SpiceJet, Air India and IndiGo – a combined 56 weekly flights – and it will be fiercer on Bengaluru, where the same four airlines fly 101 weekly services,'' the website has said.
It also states that AirAsia could look to start new routes from Chennai. Currently there are no direct flights from Chennai to Guwahati, Lucknow, Jaipur, Srinagar, Nagpur, Bhubaneshwar and Indore. The website claims that the airline could launch flights to Nagpur and Bhubaneshwar which have connectivity with Mumbai and Delhi but do not direct have air link to Chennai. Another possible route includes Chennai-Surat, the websites says.
The routes which AirAsia will fly will also depend on whether it secures a national operating permit or regional permit. While civil aviation minister Ajit Singh said there will be no problem in AirAsia getting a national permit a section of officials in the ministry believe that the airline should first be only granted a regional permit. Other issues related to potential network will depend on route dispersal guidelines which make it mandatory on airlines to fly certain routes including those to North East or Andaman and availability of slots.
Monday 11 March 2013
AirAsia-Zest Air Strategic Partnership
Zest Airways Chairman Donald Dee, AirAsia Group CEO Tony Fernandes, Philippines’ AirAsia CEO Maan Hontiveros, Zest Airways CEO Ambassador Yao, Philippines’ AirAsia Chairman Tony Boy Cojuangco, Philippines’ AirAsia Vice Chairman Mikee Romero, joined by Cabin Crew from Philippines’ AirAsia and Zest Airways, at the Dusit Thani Hotel for the AirAsia-Zest Air Strategic Partnership.
AirAsia gets Govt approval for name of Indian JV
http://businesstoday.intoday.in/story/airasia-gets-govt-approval-for-name-of-indian-jv/1/193168.html
The Ministry of Corporate Affairs has approved the name of AirAsia's India venture company 'AirAsia (India) Private Ltd', which the Malaysia-based low-cost airline is launching in partnership with Tatas.
The name of the new company has been registered in the state of Maharashtra and the approval was granted by the Ministry of Corporate Affairs (MCA) earlier this month, a senior official said.
The company is now in the process of incorporating itself in India and completing other formalities of submitting the required documents and certificates with the Ministry, he said. The filing process for the new venture is being completed on a fast-track basis, he added.
Before incorporating itself in India, a company needs to get its name approved by the Ministry of Corporate Affairs, after which it is required to file an application for incorporation.
Thereafter, the company needs to file a notice of situation of registered office, followed by filings related to particulars of appointment of managing director, directors, manager and secretary.
The country's foreign direct investment clearance body FIPB (Foreign Investment Promotion Board) has already approved investment in the new venture, wherein Malyasia-based AirAsia would hold 49 per cent stake, Tata Sons will have 30 per cent and 21 per cent stake would be owned by Arun Bhatia of Telestra Tradeplace.
Being started with an initial investment of USD 14.5 million (about Rs 80 crore), AirAsia India would compete in the domestic passenger aviation space with the likes of Jet Airways, Spicejet, IndiGo, Go Air and state-run Air India.
AirAsia and Tatas announced their plans to start the low-cost airline in India on February 20, while the FIPB approved the foreign investment for the venture earlier this month.
The airline needs to get a no-objection certificate from the Aviation Ministry and thereafter an air transport license from the DGCA (Directorate General of Civil Aviation) to be declared a scheduled airline.
AirAsia India would also mark the re-entry of Tatas into the aviation space after about 60 years of JRD Tata-founded Air India being nationalised in 1953.
The company is also in process of finalising its senior executive team and hiring of other employees and plans to start operations later this year.
AirAsia chief Tony Fernandez recently tweeted that he has selected the CEO for AirAsia India and the final call would be taken by the Tatas.
AirAsia group recorded a 13 per cent passenger growth in 2012 with about 33.8 million passengers carried during the year in its Malaysia, Thailand and Indonesia operations.
With PTI inputs
The Ministry of Corporate Affairs has approved the name of AirAsia's India venture company 'AirAsia (India) Private Ltd', which the Malaysia-based low-cost airline is launching in partnership with Tatas.
The name of the new company has been registered in the state of Maharashtra and the approval was granted by the Ministry of Corporate Affairs (MCA) earlier this month, a senior official said.
The company is now in the process of incorporating itself in India and completing other formalities of submitting the required documents and certificates with the Ministry, he said. The filing process for the new venture is being completed on a fast-track basis, he added.
Before incorporating itself in India, a company needs to get its name approved by the Ministry of Corporate Affairs, after which it is required to file an application for incorporation.
Thereafter, the company needs to file a notice of situation of registered office, followed by filings related to particulars of appointment of managing director, directors, manager and secretary.
The country's foreign direct investment clearance body FIPB (Foreign Investment Promotion Board) has already approved investment in the new venture, wherein Malyasia-based AirAsia would hold 49 per cent stake, Tata Sons will have 30 per cent and 21 per cent stake would be owned by Arun Bhatia of Telestra Tradeplace.
Being started with an initial investment of USD 14.5 million (about Rs 80 crore), AirAsia India would compete in the domestic passenger aviation space with the likes of Jet Airways, Spicejet, IndiGo, Go Air and state-run Air India.
AirAsia and Tatas announced their plans to start the low-cost airline in India on February 20, while the FIPB approved the foreign investment for the venture earlier this month.
The airline needs to get a no-objection certificate from the Aviation Ministry and thereafter an air transport license from the DGCA (Directorate General of Civil Aviation) to be declared a scheduled airline.
AirAsia India would also mark the re-entry of Tatas into the aviation space after about 60 years of JRD Tata-founded Air India being nationalised in 1953.
The company is also in process of finalising its senior executive team and hiring of other employees and plans to start operations later this year.
AirAsia chief Tony Fernandez recently tweeted that he has selected the CEO for AirAsia India and the final call would be taken by the Tatas.
AirAsia group recorded a 13 per cent passenger growth in 2012 with about 33.8 million passengers carried during the year in its Malaysia, Thailand and Indonesia operations.
With PTI inputs
Friday 8 March 2013
Tune Hotels - India Middle East, Australia, Japan and Africa
http://www.mysinchew.com/node/83207
Tune Hotels on exponential growth path
2013-02-21 11:43
NEW DELHI, Feb 21 (Bernama) -- Tune Hotel Group is set to grow exponentially from 2013 onwards with hotels mushrooming in India, Middle East, Australia, Japan, as well as, the African region, says Chief Executive Officer Mark Lankester.
By end-2013, Tune Hotel would be present in eight countries, he said. "Currently we are in Malaysia, Indonesia, Thailand, the Philippines and United Kingdom. India will be the sixth market followed by Australia and Japan," he said in an interview with Bernama.
In India, the first hotel would open in Ahmedabad, Gujarat, in April, followed by Melbourne, Australia, in November and one more in Japan, he said.
Next year, Tune Hotel would also open its doors in Mekkah, Madinah and Jeddah in Saudi Arabia, he said.
"We are looking at Europe as well. We are looking at Italy and we are finalising a deal in Vienna, Austria, amid the huge tourist potential there," he said.
In the African region, Tune Hotel is keen to enter Kenya, Tanzania and Uganda, he said, adding that the value hotel chain had already signed a deal in Nigeria.
"There is oil money in Nigeria. The economy is growing fast. There is huge demand amid a population 160 million people but there is no supply and the fact that there are no big international brands in the country it is a great time for us to gain a foothold there.
"We love countries that offer high room rates," said Mark.
He said Colombo, Sri Lanka, also offered good opportunity and Tune Hotel was eyeing that market too.
"In Colombo, we are looking but we have not got anything substantial as yet," he said.
Besides expanding into new territories, Tune Hotel is also keen to grow in its existing markets.
"Only by expansion you will benefit from the economies of scale," he said.
Currently, there are 11 hotels in Malaysia, five in United Kingdom, three each in Indonesia and Thailand and four in the Philippines.
In Malaysia, hotels will open in Melaka, Alor Setar, Cyberjaya and KLIA2 ( 400 rooms) and in United Kingdom while one more hotel would be located in Canary Wharf, he said.
"The total number of hotel rooms will change rapidly from now onwards as we have plans to open one to two hotels every month," said Mark.
He said the key aspect was to continuously expand without over-stretching as campaign, advertising and brand building was equally important.
Asked on competition, he said there are rivalry at every place but it is all about offering the right product and services priced reasonably to attract customers.
Going forward, Mark said there was potential for Tune Hotel to go into full-fledged hotel services.
Although he did not provide a timeframe, he noted that at some stage it would make sense to offer a four-star hotel facility.
"By then, we would have built up certain amount of expertise. Just like how after AirAsia, AirAsia X came about," he added.
By end-2013, Tune Hotel would be present in eight countries, he said. "Currently we are in Malaysia, Indonesia, Thailand, the Philippines and United Kingdom. India will be the sixth market followed by Australia and Japan," he said in an interview with Bernama.
In India, the first hotel would open in Ahmedabad, Gujarat, in April, followed by Melbourne, Australia, in November and one more in Japan, he said.
Next year, Tune Hotel would also open its doors in Mekkah, Madinah and Jeddah in Saudi Arabia, he said.
"We are looking at Europe as well. We are looking at Italy and we are finalising a deal in Vienna, Austria, amid the huge tourist potential there," he said.
In the African region, Tune Hotel is keen to enter Kenya, Tanzania and Uganda, he said, adding that the value hotel chain had already signed a deal in Nigeria.
"There is oil money in Nigeria. The economy is growing fast. There is huge demand amid a population 160 million people but there is no supply and the fact that there are no big international brands in the country it is a great time for us to gain a foothold there.
"We love countries that offer high room rates," said Mark.
He said Colombo, Sri Lanka, also offered good opportunity and Tune Hotel was eyeing that market too.
"In Colombo, we are looking but we have not got anything substantial as yet," he said.
Besides expanding into new territories, Tune Hotel is also keen to grow in its existing markets.
"Only by expansion you will benefit from the economies of scale," he said.
Currently, there are 11 hotels in Malaysia, five in United Kingdom, three each in Indonesia and Thailand and four in the Philippines.
In Malaysia, hotels will open in Melaka, Alor Setar, Cyberjaya and KLIA2 ( 400 rooms) and in United Kingdom while one more hotel would be located in Canary Wharf, he said.
"The total number of hotel rooms will change rapidly from now onwards as we have plans to open one to two hotels every month," said Mark.
He said the key aspect was to continuously expand without over-stretching as campaign, advertising and brand building was equally important.
Asked on competition, he said there are rivalry at every place but it is all about offering the right product and services priced reasonably to attract customers.
Going forward, Mark said there was potential for Tune Hotel to go into full-fledged hotel services.
Although he did not provide a timeframe, he noted that at some stage it would make sense to offer a four-star hotel facility.
"By then, we would have built up certain amount of expertise. Just like how after AirAsia, AirAsia X came about," he added.
Saturday 2 March 2013
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