AirAsia, the low cost carrier on 21 April 2013 announced that AirAsia India approved and appointed the Chief Executive Officer, whose name will be a revelation. The AirAsia Group chief Tony Fernandes declared that the appointment of AirAsia CEO was done but his name would be revealed later.
AirAsia is said to be the largest low-cost carrier in Asia which created a joint venture with Telestra Tradeplace and Tata Sons. The venture was approved by Foreign Investment Promotion Board on 4 April 2013.
The Foreign Investment Promotion Board (FIPB) on 6 March 2013 cleared the investment proposal of AirAsia, the Malaysian budget carrier to launch the new airline along with Tata Group and Arun Bhatia's Telestra Tradeplace in India. AirAsia plans to start the operations from June 2013.