Friday, July 5, 2013

AirAsia Is Looking At The Indian Insurance Market

The Malaysian low-cost carrier AirAsia's chief executive officer, Tony Fernandes, said in New Delhi on Wednesday, that apart from the low cost airline business, the company is also eyeing the Indian insurance market through its Tune Money venture.
“The potential of India was always there in my eyes. I was waiting for the market to become conducive for us so that we can stay here for a fairly long time and I think the tide is now turning very quickly. So we felt that this is the right time to come to India,“ he said while addressing a press meet.

For his low cost airline, Mr. Fernandes mentioned that there will be multiple bases in southern India, like Bengaluru, Chennai and Kochi. He also plans to bring down the air fare rates even further in India. The company will start with Chennai as its head office.


1 comment:

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