Wednesday, November 29, 2017

Air India Express plans growth before privatisation, says CEO K Shyamsundar

Dubai: State-owned Air India's low cost airline Air India Express will continue to expand before the group's privatisation next year, in a bid to increase its valuation, its chief executive said on Tuesday.

Air India Express is considering adding new routes from Gujarat to either Dubai or Sharjah in the United Arab Emirates, Chief Executive K. Shyamsundar told Reuters in Dubai.

"If you had more profitable routes, more (take-off and landing) slots, it increases the value of the company," he said at an industry conference.

Shyamsundar said the airline could also add more aircraft to its fleet, though major decisions would have to be approved by the board and potentially the government.
Air India Express committed before the privatization plans to taking two additional Boeing 737 jets next September, which will increase its fleet to 25 single-aisle Boeing aircraft.
28/11/17 Reuters/Economic Times