@ Travelman Africa
the three protagonists of this story are
1) Air Asia
2) Tata sons : JRD Tata is regarded as the father of the Indian aviation it was he who started Air India and took it to great heights..It was only after the nationalisation of air transport policy of the Indian govt., did the begining of the end of Air India start. So if there is one member that has the most experience in aviation, It is the Tata's. With the Tatas you can expect two qualities in the JV........... Fair play and quality.
3) Telestra : I doubt if this member has any aviation background