respond by March 12. .
The upcoming airline Air Asia India had on April 2013 obtained approval from the Foreign Investment Promotion Board, which cleared the $30-million deal to launch Air Asia India. The Civil Aviation Ministry gave a no-objection certificate (NOC) to the airline during September last year. The airline was also granted in-principle approval to import 10 Airbus A-320-200 aircraft in December last year.
Officials of Air Asia India had earlier told FE that the airline was looking for a launch in India in the March-May period .
Air Asia India is a joint venture between Air Asia Bhd, which holds 49% stake, Tata Sons Ltd, which holds 30% and Arun Bhatia of Telestra Tradeplace Pvt. Ltd, which holds 21% stake in the airline.