Tuesday, 2 July 2013

AirAsia plans to add at least 10 planes a year for India operations

AirAsia, which plans to launch a budget airline in India later this year, would aggressively expand its fleet and is looking to add at least 10 planes a year Tan Sri Tony Fernandes said. Fernandes said AirAsia would want to offer the lowest possible fares in its Indian operations. AirAsia plans to launch a regional airline in India with an initial investment of INR800m (RM42.6m) to cash in on rising demand for domestic air travel among the country's rapidly expanding middle class. (Reuters)

Source: CIMB Daybreak - 02 July 2013

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