AirAsia Bhd will soon start hiring cabin crew for its Indian venture, the chief executive of the Malaysian budget carrier said Monday.
The hiring will mark the start of the carrier’s strategy to operate local flights in India later this year. It will also be a huge employment boost to trained crew in India, especially from grounded Kingfisher Airlines Ltd. (532747.BY).
“We are hiring soon…India here we come,” CEO Tony Fernandes tweeted.
India’s Foreign Investment Promotion Board on March 6 approved a plan of AirAsia to start a new airline in the country in a joint venture with Tata Sons Ltd. and another local company.
The three partners will have to seek approvals from the civil aviation ministry and other authorities in India to start flying.
Under the plan, AirAsia, Southeast Asia’s largest carrier by fleet size, is to own a 49% stake in the joint venture. Tata Sons–which controls India’s diversified Tata Group–would hold a 30% stake and privately held Telestra Tradeplace Pvt. Ltd. the remaining 21%.
25/03/13 Dow Jones Newswires/Fox Business