AirAsia is the first foreign airline to set up an affiliate airline in India. The joint venture would also mark Tata Sons' return to aviation industry after 60 years. Arun Bhatia took up 21% and Tata Sons the remaining 30% stake in the airline. The airline would be operated as a joint venture, with AirAsia holding 49% of the airline. AirAsia announced its Indian low-cost affiliate airline on 19 February 2013. Fernandes said that he would concentrate mainly on the one million south Indians who travel by rail. A tie-up with the company would help AirAsia operate efficiently. He said that the Tatas know India very well and have a good reputation. Tony Fernandes called the joint venture with Tata Sons a marriage made in heaven. With the new Indian Government allowing a foreign direct investment of up to 49% in aviation sector, the airline CEO Tony Fernandes tweeted 'Fantastic news that India has opened up investments to foreign airlines.' He said that it was now easier for him to set up an airline in India.
In October 2012, Air Asia's management said that they were keen to have more presence in India if the aviation environment and tax structure were conducive and friendly for low-cost airline operations.
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