AirAsia starts flying from International Bijupatnaik airport of Bhubneswar on 1st March
AirAsia India is a proposed Indian-Malaysian low cost carrier. It is a subsidiary of AirAsia, Asia's largest low-fare, no-frills airline. Announced on 19 February 2013, the airline would be operated as a joint venture between Tata Sons and AirAsia, with AirAsia holding 49% of the airline, Tata Sons holding 30% and Amit Bhatia taking up the remaining 21% in the airline. The joint venture would also mark Tata's return to aviation industry after 60 years.
AirAsia is the first foreign airline to set up a subsidiary in India. The airliner will operate with the world's lowest unit cost of 
1.25 (2.0¢ US)/available seat kilometer and a passenger break-even load factor of 52%. It will hedge 100% of its fuel requirements for the next three years and plans to achieve an aircraft turnaround time of 25 minutes.
1.25 (2.0¢ US)/available seat kilometer and a passenger break-even load factor of 52%. It will hedge 100% of its fuel requirements for the next three years and plans to achieve an aircraft turnaround time of 25 minutes.
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