AirAsia on 17 June 2013 appointed Ratan Tata, the ex-chairman of the Tata Group as the Chief Advisor of AirAsia’s India board. In the meanwhile, CEO of the AirAsia India was yet to be announced.
Ratan Tata paved the way for creating joint venture between AirAsia, Arun Bhatia of Telestra Tradeplace and the Tata Group. In the joint venture, AirAsia has 49 percent share, while Tata has 30 percent share. Remaining 21 percent share is held by Arun Bhatia.
It is expected that AirAsia will bring competitive pricing in aviation market of India. AirAsia will start its operations by 2013 end.