Asia’s leading budget carrier, AirAsia, is hoping to begin operations in India in two to three months, the airline’s CEO said today.
The carrier this month won court approval to operate in India after delays because of domestic airlines’ opposition. AirAsia India will begin flying with two planes, Tony Fernandes, AirAsia group chief executive officer, told reporters.
Despite a market of 1.2 billion people, airlines in India are unprofitable due to high costs and cut-throat competition. But Fernandes says AirAsia has studied the market for a long time and “we feel moderately optimistic.”
- Varun Gandhi Under Attack Over Defence Deals: Here’s How
- This Diwali, Let Blind Students Brighten Up your Homes With Candles & Diyas
- CBI Files Supplementary Chargesheet In Sheena Bora Murder Case
- Soha Ali Khan And Vir Das Starrer 31st October Audience Reaction
- Sahara Chief Subrata Roy’s Parole Extended Till November 28
- Simple Tips To Secure Your Debit Card From Fraudsters
- New Zealand & India Team Being Welcomed In Chandigarh
- Mumbai Call Centre Scam: All You Need To Know
- Jammu Kashmir Chief Minister Mehbooba Mufti Appeals To Police: Here’s What She Said
- Shocker From Ahmedabad: Find Out What Happened
- Bigg Boss 10 Day 3 Review: Celebs Fail To Do Well in First Task
- Airtel Offers 10GB Data At Rs 259 For New 4G Smartphone Users
- Aamir Khan Starrer Dangal’s Trailer Launched: First Impressions
- TMC Supporters Attack BJP Leader Babul Supriyo
- Sri Lankan Navy Apprehends 20 Indian Fishermen
He spoke in Manila where he attended the World Economic Forum on East Asia.
He said with a new government in place, a wave of optimism and a strengthening rupee and stock market, “it’s a good time to be in India.” Prime Minister-elect Narendra Modi is to be inaugurated on Monday.
“There’s a billion people there, how strange if we can’t make it work,” Fernandes said.
But despite the optimism, he said the carrier will start with only two planes and “we’re just going to dip our toes, we won’t sink our whole body there.”