With the induction of the new plane, AirAsia India has now a fleet of 13 A320 aircraft, which are not in sync with its plans of adding 10 aircraft per year, announced at the time of launch in June 2013.
AirAsia today announced the launch of direct flights between Tiruchirapalli and Bangkok at starting fares of Rs 3,399 for a one-way journey.
The airline has also added an additional flight on Bengaluru–Bhubaneshwar and Kolkata–Bhubaneshwar routes, a release today said.
Out of the total, budget carrier IndiGo is expected to add 136 aircraft while full service airline Vistara is likely to induct at least 5 planes during the period, as per details given by civil aviation minister Ashok Gajapathi Raju in a written reply to the Rajya Sabha.
Malaysian budget airlines group, AirAsia today announced discounted fares, starting as low as Rs 1,099 for domestic destinations operated by its Indian joint venture carrier and Rs 2,999 for international flights operated by other group airlines under a limited period offer.
The Bengaluru-based airline, which is a joint venture between Tata Sons and Malaysia's AirAsia Berhad, raised its fleet size to nine aircraft from six in the first quarter of the previous year, AirAsia India said in a statement.
Despite tremendous gains in SpiceJet, Jet Airways, which saw 11 and 4.5 percent rise respectively in a single day, analysts see further uptrend for aviation stocks.
The Enforcement Directorate has summoned former AirAsia India CEO and MD Mittu Chandilya in connection with a FEMA probe.
Allegations have flown thick and fast ever since Cyrus Mistry was ousted as Chairman of the fabled Tata Group.
After its largest ever graft probe, Britain's Serious Fraud Office (SFO) found Rolls-Royce paid massive bribes over three decades to win contracts in Indonesia, Thailand, India, Russia, Nigeria, China and Malaysia.
The Cyrus Mistry and Ratan Tata saga seems to be unending with Cyrus Mistry's family companies filing three fresh affidavits in the National Corporate Law Tribunal (NCLT).
As more and more capacity is added, the company's profitability is hit, says Fernandes. He does not feel the company will turn profitable in 2017. However, he feels the company should start making profits by mid-2018.
CBI is examining the matter pertaining to allegedly suspicious transactions of Rs 22 crore involving non-existent entities in India and Singapore in AirAsia, an issue already being probed by the Enforcement Directorate.
ED is probing ousted Tata Group Chairman Cyrus Mistry's allegation that fraudulent transactions of Rs 22 crore, involving non-existent entities in India and Singapore, were carried out in an instance involving the airlines.
The matter was listed for hearing today but could not be taken up as the judges were not available for hearing it. The hearing was posted for February 23 next year.
Eight months after taking over the reins of AirAsia India as CEO, Amar Abrol has been appointed Managing Director of the no-frills airline in addition to the current role.
Budget carrier AirAsia India (AAI) flew 5.89 lakh passengers in three months ended September, 2016, a 42 per cent increase from the number of passengers who flew in the airline in the year-ago period.
Cyrus Mistry was removed as chairman of the 148-year-old Tata group this week in a move that stunned corporate India. Mistry has since accused his predecessor Ratan Tata of thwarting his attempts to restructure the USD 104 billion Indian conglomerate.
The decision of not allowing the latest Galaxy Note series smartphone comes after a recent ban by US Department of Transport on the device and reports of replacement units catching fire, AirAsia said in a release.
In a major reshuffle in its management team, budget carrier AirAsia India today announced a series of appointments, including that of heads of flight operations, legal and strategy and planning.
Private carrier Jet Airways today announced special offers with base fare starting as low as Rs 396 on select domestic routes.
The airline's year-end sale has fares starting from Rs 999 inclusive of all taxes for a one-way journey to domestic destinations such as Bengaluru, Kochi, Hyderabad, New Delhi, Guwahati, Jaipur, Pune, Imphal among other destinations connected by AirAsia India, it said.
Low-cost carrier AirAsia on Tuesday said passengers of their flights departing from Kempegowda International Airport here on September 13 can reschedule their travel at no charge due to logistical difficulties that they may face in getting to the airport following the outbreak of violence over the Cauvery issue.
No-frills carrier IndiGo saw its market share climb to 39.8 percent -- the highest for any local airline -- last month. It had a market share of 37.9 percent in June.
The airline, a tie-up between Malaysian carrier AirAsia Bhd and India's Tata Sons conglomerate, said it planned to add a seventh A320 jet to its fleet and bring the south Indian city of Hyderabad into its network of destinations by September.