Domestic air traffic is expected to grow 25 per cent and cross 130 million in financial year 2017-18, but airlines will see bigger risks to profitability because of rising costs and yield pressures, aviation consultancy CAPA has said in its India outlook which it released recently.
Tag: AirAsia India
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Promoters to invest Rs.234 cr in AirAsia
The promoters of AirAsia India will infuse Rs.234 crore in the airline as it plans to grow its domestic footprint and prepares for foreign flights.
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Domestic airlines to add 50 planes in FY17
Buoyed by strong passenger growth, domestic air carriers are set to add close to 50 planes to their fleets in 2016-17, from 34 additions a year before.
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PM favours scrapping 5/20 rule for airlines
Vistara and AirAsia India may soon be able to fly international, as PM Narendra Modi favours scrapping the 5/20eligibility rule that bars Indian carriers from flying overseas until they complete five years of domestic service
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All issues regarding AirAsia India have been resolved: Govt
Union Civil Aviation Minister Ajit Singh has said that all issues concerning AirAsia IndiaÂ’s application had been resolved. The Minister added that the proposal of AirAsia India has been sent to the Union Home Ministry for security clearance. Once the Home Ministry nod comes, the Civil Aviation Ministry will give its clearance to the Malaysia-based low cost carrier, the Minister said in London on June 10.
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AirAsia India starts headhunting for its crew
AirAsia India, the new joint venture airline that AirAsia Bhd and Tata Sons propose to launch has started approaching top aviation executives in India, as it attempts to build its team ahead of a nod from the government, sources said. The fate of AirAsiaÂ’s proposal will be decided by the government on March 6, but the partners have already scheduled interviews with potential hires this week, indicating their confidence of receiving a clearance.