Malaysian low-cost carrier AirAsia is planning to expand its Tune Hotels - budget hotels - in India. At present it has one in Gujarat.
The announcements were made at a press meet were he also announced his initial plans to invest USD 30 million in its Indian joint venture airline with the Tata Group, its chief executive officer Tony Fernandes said.
“The potential of India was always there in my eyes. I was waiting for the market to become conducive for us so that we can stay here for a fairly long time and I think the tide is now turning very quickly.
So we felt that this is the right time to come to India,” he said.
Apart from this, the company is eyeing the Indian insurance market through its Tune Money venture.
Tune Hotels is a limited service hotel chain operated by Tune Hotels Regional Services that provides a claimed "5-star sleeping experience at a 1-star price" accommodation. Tune Hotels is part of the Tune Group, the private investment group of Tony Fernandes. Tune Hotels states that it is aiming for 100 hotels in its global portfolio by 2015.
Commis II Indian - Jobs in India