No violation of FDI norms in approval to set up AirAsia India, Govt to HC

The Centre Friday denied in the Delhi High Court that there was any violation of FDI norms while granting approval to low-cost carrier AirAsia (India) Pvt Ltd — a joint venture of Tata Group and Malaysia-based AirAsia Berhad.

The government also opposed BJP leader Subramanian Swamy’s plea seeking stay on AirAsia India’s application for an international flying licence, saying it will take a decision in this regard.

The submissions were made in an affidavit placed before a bench of Chief Justice Rajendra Menon and Justice A J Bhambhani in response to Swamy’s application in which he has alleged that Foreign Direct Investment (FDI) norms were violated while granting approval to set up AirAsia India.

The matter, however, was not taken up and listed for hearing on May 13.