-6.9 C
New York
Tuesday, February 3, 2026
HomeIndia NewsAir Asia CEO Tony Fernandes, others booked by CBI

Air Asia CEO Tony Fernandes, others booked by CBI

Date:

Related stories

Trump secures US-India trade deal, slashes tariffs on Indian imports to 18%

Highlights: US tariffs on Indian goods reduced from 25%...

India changes tax rules to support Apple’s manufacturing expansion

Highlights: India allows foreign firms to fund factory equipment...

Republic Day event in New York sees bipartisan US leaders reaffirm India–US ties

Highlights: Bipartisan US leaders reaffirm the importance of India–US...

Trump says India will buy oil from Venezuela instead of Iran amid US sanctions

Highlights: Trump says India will buy Venezuelan oil instead...

Trump administration adds 65,000 H-2B visas through 2026 to address US labor shortages

Highlights: Trump administration to release 65,000 additional H-2B visas...

The Central Bureau of Investigation (CBI) has registered a case against Air Asia Group CEO Tony Fernandes and others over alleged violation of norms for getting international flying licenses, officials said on Tuesday.The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations, as well as violation of Foreign Investment Promotion Board (FIPB)rules, they said.The 5/20 rule means that a company needs five years of experience and 20 aircraft to become eligible for the license, the officials said.Besides Anthony Francis “Tony” Fernandes, Group CEO Air Asia Malaysia, the company Air Asia, Travel Food owner Sunil Kapoor, Air Asia Director R Venkatraman, aviation consultant Deepak Talwar, Director of Singapore-based SNR Trading Rejendra Dubey and unidentified public servants have been named in the FIR. The searches are going on at six locations in Delhi, Mumbai and Bengaluru, the officials said. Air Asia Group CEO Tony Fernandes allegedly lobbied with government servants for clearances, removal of existing 5/20 rule of aviation and change in regulatory policies, the agency has alleged.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here