Mumbai: Low fare airline AirAsia India, which had originally set a break-even deadline of last November, is expected to achieve the same by May-June when it hopes to introduce its sixth plane, chief executive Mittu Chandilya said here today.
The Bangalore-based airline also deferred its plans to fly to New Delhi from February 16, citing regulatory uncertainties.
"We are already cash-flow positive. We are expecting to break even anywhere between May and June. AirAsia India will hit break-even the moment we hit the sixth plane," Chandilya told reporters on the sidelines of an industry meet organised by the industry body CAPA here.
On the deferring of Delhi entry, he said, "If the government relaxes the guidelines, it will allow me to restructure the flight schedules. I don't want to do a semi-soft launch in Delhi."
03/02/15 PTI/Economic Times
To Read the News in full at Source, Click the Headline
The Bangalore-based airline also deferred its plans to fly to New Delhi from February 16, citing regulatory uncertainties.
"We are already cash-flow positive. We are expecting to break even anywhere between May and June. AirAsia India will hit break-even the moment we hit the sixth plane," Chandilya told reporters on the sidelines of an industry meet organised by the industry body CAPA here.
On the deferring of Delhi entry, he said, "If the government relaxes the guidelines, it will allow me to restructure the flight schedules. I don't want to do a semi-soft launch in Delhi."
03/02/15 PTI/Economic Times
