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The DGCA investigation was pursuant to an investigation exercise mandated by the Delhi High Court in 2016, the airline says in a statement
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Updated : May 31, 2018, 05:30 AM IST
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AirAsia India on Wednesday said that the allegations concerning indirect foreign control of airline in violation of Foreign Investment Promotion Board (FIPB) norms had earlier been fully investigated by the aviation regulator Director General of Civil Aviation (DGCA) and that it had been absolved of all the charges.
The DGCA investigation was pursuant to an investigation exercise mandated by the Delhi High Court in 2016, the airline said in a statement.
The DGCA order effectively ruled that the operations and management of AirAsia India were in accordance with Fema (Foreign Exchange Management Act, 1999), FDI (foreign direct investment) regulations and the FIPB approval granted to AirAsia India, the company said.
"Furthermore, the DGCA order ruled that the terms of the brand licence agreement (BLA) were meant only for ensuring uniformity of brand use and quality of services and that such terms are for benefit of passengers. The DGCA noted that the BLA is a common practice in the aviation industry. In this backdrop, AAIL believes that to allege that control of AAIL is not in accordance with foreign exchange investment laws is incongruous" the statement read.
The Central Bureau of Investigation (CBI) had on Tuesday registered a corruption case against Air Asia Group chief operating officer Tony Fernandes and others for alleged violation of norms in getting licences for international operations.
Another press statement issued by R Venkataramanan, director, AirAsia, who has been named as an accused in the case, termed the allegation as a smear campaign. Venkataramanan added that present accusations regarding Air Asia India find their root in "baseless" allegations made by Cyrus P Mistry against Tata Trusts Trustees. "Emails purportedly written by me have been circulated in the media in the context of the issue of 5/20 in the aviation sector. This has been a much-debated policy matter and Air Asia India was one of the many airlines that had formally sought a review of this policy" he added in the statement.
Mistry, the then chairman of Tata Sons who was removed from the post in 2016, had alleged about misappropriation of funds at AirAsia among other things.
