AirAsia-Tata-Bhatia JV locks in promoters

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Debabrata Das, Subhash Narayan: New Delhi, Feb 25 2013, 01:48 IST

at Cranfield University and author of the book Airline Finance. “In a market where banks and lessors have become wary to provide funding, such an exclusivity clause will give potential lenders confidence.”

Consultants also said that in such major deals an initial lock-in period is typical. “When two major groups are coming together, there tends to be an initial lock-in period,” said an investment banking consultant. “Stability is essential to start off such joint ventures.”

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AJAY GUPTA | 25-Feb-2013Reply | Forward

WE WELCOME FOR THIS JOINT VENTURE IT WILL BE GREAT FOR INDIAN MIDDLE CLASS WHO THINK TO TRAVEL BY AIR BUT ARE NOT ABLE TO PAY HIGH MONEY. AND IT WILL BE GOOD COMPETITION FOR INDIAN AVIATION INDUSTRY AND GOOD FOR INDIANS BECAUSE THE ALL AIRLINES IN INDIA CHARGING HIGH AMOUNT TO CUSTOMERS BUT THEY ASK THE MONEY FOR A SMALL WATER OF BOTTLE AS RS 10/-. SO INDIANS NEED THIS JOINT VENTURE IMMEDIATELY.