ASL Aviation Group has announced that its shareholding in Bangalore-based Quikjet Cargo Airlines through ASL subsidiary Farnair Switzerland AG is to increase to 72.59 per cent. The Foreign Investment Promotion Board (FIPB), which is the relevant agency of the Government of India for all Foreign Direct Investments, has approved Farnair’s application to increase its shareholding. The approval has come just months before the planned start of B737 scheduled domestic cargo services. … [Read more...] about ASL to increase stake in India’s Quikjet

ASL Aviation Group has announced that its shareholding in Bangalore-based Quikjet Cargo Airlines through ASL subsidiary Farnair Switzerland AG is to increase to 72.59 per cent. The Foreign Investment Promotion Board (FIPB), which is the relevant agency of the Government of India for all Foreign Direct Investments, has approved Farnair’s application to increase its shareholding. The approval has come just months before the planned start of B737 scheduled domestic cargo services. … [Read more...] about ASL to increase stake in India's Quikjet