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AirAsia may start its domestic operations in India by as early as May-June. The LCC had earlier planned to launch its operations in the country towards the end of the current calendar year.

"AirAsia is currently preparing a ground so that as soon as the FIPB (Foreign Investment Promotion Board) clearance comes they should be able to launch operations." a source told ET.

In February, AirAsia had announced a tieup with theTata Group and Arun Bhatia's Telestra Tradeplace for a scheduled domestic airline. Approval for the joint venture proposal is pending before the FIPB, which approves proposals that require government permission. The matter is likely to come up for a hearing on March 6.