On June 12, this year, AirAsia India turned one. But the fact that the
low-cost airline has not met many of the milestones it initially set out
to could have been a dampener to celebrations.
Its CEO, Mittu Chandilya, had at the time of launch said AirAsia India would breakeven within the first four months of operations. But the airline posted a loss of ₹126 crore till March 31, 2015. Not just this, AirAsia India also could not fly the one million passengers it hoped to in its first year, or operate 14 aircraft to 16 destinations. The Tony Fernandes-backed airline currently has only five (two added recently) aircraft flying to 10 destinations.
In an interview to New York Times last week, Chandilya blamed the country’s antiquated aviation laws for the delay in achieving targets. But few are sympathetic.
“They entered this perverted market eyes wide open, and more importantly mouths wide open,” says Devesh Agarwal, an airline analyst who runs the popular Bangalore Aviation website.
Read news in full 30/06/15 K Giriprakash/Business Line
Its CEO, Mittu Chandilya, had at the time of launch said AirAsia India would breakeven within the first four months of operations. But the airline posted a loss of ₹126 crore till March 31, 2015. Not just this, AirAsia India also could not fly the one million passengers it hoped to in its first year, or operate 14 aircraft to 16 destinations. The Tony Fernandes-backed airline currently has only five (two added recently) aircraft flying to 10 destinations.
In an interview to New York Times last week, Chandilya blamed the country’s antiquated aviation laws for the delay in achieving targets. But few are sympathetic.
“They entered this perverted market eyes wide open, and more importantly mouths wide open,” says Devesh Agarwal, an airline analyst who runs the popular Bangalore Aviation website.
Read news in full 30/06/15 K Giriprakash/Business Line
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