Low-cost airline AirAsia India is planning to add a slew of flights over the next two months as it is adding three more planes to its network taking the fleet count to 23, sources told CNBC-TV18.
Recommended ArticlesView All
CEOs, CXOs may see 9.1% salary hike, focus on performance-linked pay: Survey
Jan 30, 2023 IST4 Min(s) Read
Wizards of the Street | Cash is a depreciating asset and an opportunity, says Vijay Kedia
Jan 30, 2023 IST2 Min(s) Read
Prakash Javadekar — Challenging task in hand as Kerala in-charge of BJP
Jan 30, 2023 IST8 Min(s) Read
New Locker Rules — Here's why the RBI has gone overboard
Jan 28, 2023 IST5 Min(s) Read
The airline will launch additional flights from Delhi to Indore, Bagdogra, Hyderabad and Ranchi with effect from May 20 on the back of a new aircraft that it plans to add this month.
The airline inducted its 20th aircraft in February and became eligible to fly overseas.
"We have a lot of confidence in our cost structure, business model... we are a low-cost carrier, competing in the low-cost space. On top of that, providing additional differentiators in terms of food quality, customer experience," CEO Sunil Bhaskaran had told CNBC-TV18 in February.
"...look forward to flying international... not taken any decision on the long-term plan, promoters taking a decision on that," Bhaskaran had said in February when the airline planned to add 5-6 planes over the next 12 months.
However, much has changed since then. Airlines, including AirAsia India, have been asked to expedite capacity induction amid the crisis that the sector has witnessed due to a temporary closure of Jet Airways.
Nearly 400 slots have also become available for other carriers at Delhi and Mumbai, two of the busiest airports in the world, paving way for airlines to induct more capacity and utilise these slots.
Slot utilisation process currently demands an airline to initiate operations within a week of the commencement date.
"Slots will only be considered for an allotment that will be operational within 30 days... airlines to operationalise slots within 7 days of commencement date failing to which the slots will be automatically stand withdrawn and airlines will get the lowest priority for future allocation," DGCA's guidelines state on slot allotment process for Jet Airways slots.
AirAsia India, which commenced operations in June 2014, is a joint venture with Tata Sons holding 51 percent stake in the airline and AirAsia Berhad holding 49 percent stake.