Yvo and utiket

In Tatas' Air Asia, Fraud And Attempted Cover-Up, Suggests Cyrus Mistry

28 Oct 2016 08:25:47

ndtv.com

In his detailed takedown of Ratan Tata in an email sent to the board of Tata Sons, sacked chairman Cyrus Mistry highlights ethical and financial concerns in the airlines that are partly owned by India's largest conglomerate.


Mr Mistry, who was abruptly removed on Monday, four years after he replaced Mr Tata, talks of "fraudulent transactions of Rs. 22 crores involving non-existent parties in India and Singapore" in the case of Air Asia.


In 2013, the Tata Group announced its joint venture with Air Asia, the budget airline based in Malaysia. In India, the airline places four among budget carriers after IndiGo, GoAir and SpiceJet. RIGHT?


Read full story: ndtv.com

Related posts

Central Java's Mount Prau reopens to hikers

5 Aug 2020 02:17:58The hiking trail on Mount Prau in Central Java is now open to all travelers. Previously, the track to the summit was reopened in July to hikers from Central Java and Yogyakarta only. Hikers who...

Virgin seeks to revive supersonic commercial flight, but faster

5 Aug 2020 02:17:16Space tourism company Virgin Galactic on Monday announced a partnership with engine-maker Rolls-Royce to build a supersonic commercial airplane that flies at three times the speed of sound. The aircraft...

Norway hits cruises with restrictions after virus outbreak

5 Aug 2020 02:16:47Norway on Monday announced restrictions on cruises along its coast after dozens were infected with coronavirus on board a ship, as operator Hurtigruten apologized for "mistakes" in infection...

AirAsia Virtual Allstar is now available on WhatsApp

29 Jul 2020 03:46:28Here’s a new way to contact AirAsia on your smartphone. The low-cost carrier has launched its WhatsApp hotline number which you can use to get flight updates, make changes or to follow up on refunds. The...

Manado - Davao With Garuda Indonesia

Manado - Davao With Garuda Indonesia

National flag carrier from Indonesia, Garuda Indonesia will open a new route from Manado (in North Sulawesi) to Davao City (in the Philippines) start at September 27, 2019.

The opening of...

Most popular in Utiket

In China, airlines plug 'all you can fly' deals to pierce coronavirus clouds

29 Jul 2020 03:45:44China Southern Airlines on Tuesday rolled out an 'all you can fly' pass, becoming the latest in a fleet of cash-strapped carriers to join a promotional craze that analysts say has helped revive...

Singapore Airlines braces for another record loss on virus

29 Jul 2020 03:45:17Singapore Airlines, consistently voted one of the world’s best airlines by Skytrax, is poised for another hefty quarterly loss after the coronavirus left it flying a tiny fraction of its usual number...

Flight Ticket Discounts

Flight Ticket Discounts

The new rules of airfares have been officially released by The Transportation Ministry  (Kemenhub), and two airlines from Indonesia, namely Garuda Indonesia and Lion Air Group are offering 50...

AirAsia sees green shoots, upbeat on recovery trajectory

29 Jul 2020 03:43:53As the domestic travel and tourism industry slowly bounces back, the world’s best low-cost airline AirAsia says it is experiencing green shoots of a promising recovery after being severely hit by the...

Surabaya-Haikou From Lion Air

Surabaya-Haikou From Lion Air

Lion Air has opened a new charter route from Surabaya to Haikou, the capital of Hainan Province in China.

The flight is serviced once a week (every Friday from Surabaya-Haikou route) and...

US passenger flights to India can resume July 23

19 Jul 2020 02:30:27The government of India has agreed to allow US air carriers to resume passenger services in the US-India market starting July 23, the US Transportation Department said on Friday. The Indian government,...

Boeing 747 and Airbus A380: End of the jumbos of the skies?

19 Jul 2020 02:30:07The Boeing 747's slow descent into retirement from commercial service just got steeper with British Airways' announcement Friday it would be pulling the jumbo jet from the skies as the coronavirus...

Safe Travel : Obligatory App When Abroad

Safe Travel : Obligatory App When Abroad

Safe Travel in an app developed by Foreign Ministry. This app aims to protect Indonesian Citizens and also Indonesia Migran Workers abroad.

Safe Travel launched on April 14, 2018, and it...

Yogyakarta ready to welcome tourists from outside province in August

19 Jul 2020 02:29:20Amid the still alarming pandemic, some tourist attractions in Yogyakarta have opened, but not yet to visitors from outside the region. As reported by kompas.com, the Yogyakarta city administration...

Malaysia Airlines Moves to Terminal 3 Jakarta

Malaysia Airlines Moves to Terminal 3 Jakarta

Starting on April 9, 2018, Malaysia Airlines will officially moves to Terminal 3 at Soekarno-Hatta International Airport. Malaysia Airline previously operated in Terminal 2 of Soekarno-Hatta International...

Three Halal Food Restaurants in Japan

Three Halal Food Restaurants in Japan

Well, specifically in Japan, here are three restaurants that serve halal food where you can find when you are start hungry.

Sakura Halal
This restaurant is located in Asakusa, Tokyo....

Thai AirAsia faces airport cost strain

19 Jul 2020 02:28:31Thai Vietjet has warned Thai AirAsia about the cost burden of operating a new hub at Suvarnabhumi airport, a move expected to heat up domestic competition at the biggest airport in Thailand. Airports...

Garuda to drop face masks after passengers complain they can’t see cabin crew’s smiles

18 Jun 2020 05:24:38National flag carrier Garuda Indonesia is planning to replace the face masks worn by its flight attendants with an alternative form of personal protective equipment (PPE) after passengers complained...

Garuda Indonesia New Service (Jakarta-Sorong)

Garuda Indonesia New Service (Jakarta-Sorong)

Starting on March 10, 2018, Garuda Indonesia opens a direct flight from Jakarta to Sorong (return flight).

This is a good news, because Sorong is the closest city in West Papua to reach...

AirAsia Indonesia to resume operations on June 19, will allow only 1 carry-on bag

18 Jun 2020 05:23:15Low-cost carrier AirAsia Indonesia is limiting passengers to one small carry-on bag as part of its new health and safety rules The bag should be either a laptop bag or handbag weighing a maximum 7...

Don't Bring High Capacity Powerbank Into Aircraft

Don't Bring High Capacity Powerbank Into Aircraft

The International Air Transport Association (IATA) has issued a regulation to limit the powerbank capacity that may be brought into the aircraft.

This is related to two recent incidents...

Indonesian zoos to implement 'new normal' protocols

18 Jun 2020 05:22:54June marks the start of the large-scale social restriction (PSBB) transition period in some areas, which means that the government will be slowly opening up the economy as we enter the “new normal”....

Changi T5 construction pushed back by two years

18 Jun 2020 05:22:22With a cloud hanging over the future of aviation, Singapore has halted construction of the upcoming mega Changi Airport Terminal 5 for at least two years, and will review its scale and design. Transport...

Themed virtual tours to celebrate Jakarta's anniversary

15 Jun 2020 03:39:50For the anniversary of Jakarta on June 22, tourism technology company Atourin is partnering with the Jakarta branch of the Indonesian Tour Guide Association (HPI) and tour operator Wisata Kreatif Jakarta...

AirAsia boss Fernandes hopeful regional countries will reopen their borders from July

15 Jun 2020 03:39:03AirAsia Group Bhd founder Tan Sri Tony Fernandes is hopeful that countries in the region will start reopening their borders for international travel from July, starting with Singapore, Thailand, Indo-China...

Turkish Airlines to resume flights to China, US in June

15 Jun 2020 03:38:13Turkish Airlines will resume some international flights this month to China, South Korea and the United States among other destinations, the airline said on Friday, a day after it began restarting such...

Traveling in Thousand Islands amid Pandemic

15 Jun 2020 03:36:42Travelers who want to do diving in the waters of Jakarta's Thousand Islands or Kepulauan Seribu must bring along a healthy certificate. “The divers must obtain a health certificate or at least...

Thai Lion Air selling tickets, expecting international flights to resume in August

5 Jun 2020 23:40:21Thai Lion Air has started selling Bangkok-Jakarta round-trip air tickets, expecting its first international flights to take-off within August. The airline said that there would be good news for the...