Monday, November 21, 2016

Things Looking Good, Will Continue Investing: AirAsia India CEO

Emphasising that things are looking good for the airline, AirAsia India CEO Amar Abrol has said it will continue to make investments and expand fleet size to 10 in the current financial year.

The no-frills carrier, which took to the Indian skies in June 2014, also expects to have a headcount of around 1,000 by the end of March next year.

AirAsia India, a joint venture between Tatas and Malaysia's AirAsia Berhad, came into focus recently after ousted Tata group Chairman Cyrus Mistry alleged fraudulent transactions worth Rs 22 crore had happened in the carrier.

Currently, the airline has eight aircraft and two more would be added in this financial year, Mr Abrol said, adding that the staff strength is expected to reach around 1,000 during the same period. Presently, the airline has a staff strength of 800-850.

"We will have around 1,000 people, hopefully by March... Things are looking good and we continue to invest in India," he told PTI.

The budget carrier had 2.3 per cent share in the domestic aviation market at the end of September quarter. It flew 5.89 lakh passengers in the three months ended September, an increase of 42 per cent compared to the year-ago period.

Without divulging specific financial details, Mr Abrol said the airline has been seeing gross profit since the new management took over in March.

He came at the helm of the airline in March this year.

"I think since March when the new management took over, we have been gross profit positive," he noted.
20/11/16 PTI/NDTV
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