With the aim of being among the top three Low-Cost carrier in India, AirAsia India has plans to add up to 70 aircraft to its fleet over the next 4 to 5 years.
AirAsia India is a joint venture company formed between TATA India (41%) and AirAsia Group, Malaysia (49%) and Telestra Tradeplace (10%)
AirAsia India currently operates fourteen A320-200s on flights to 17 cities and towns across India and will be eligible fly international destinations, once its fleet surpasses 20 aircraft.
“We are right now at 14 aircraft. The 15th comes in on February 24 and we have got six more on order this year. This will allow us to be a designated international carrier and then every year subsequent we will continue to add about 8-10 aircraft depending on how we perform as a business.” said Amar Abrol, chief executive of AirAsia India.
Unconfirmed reports from sources close to management told, that the airline is considering ordering Airbus aircraft valued close to $3 billion.
AirAsia India faces lot of challenges as it has to compete with other market leaders holding their share very strongly in LLC segment, led by IndiGo 39.6% market share, SpiceJet 12.8% and GoAir 9.1%, whereas AirAsia India managed to capture only 3.7% market share since founded in 2013.
AirAsia group is one of the successful airline in the world that has been spreading its wings in Asia at a faster phase. It affiliated airlines are AirAsia Indonesia, AirAsia China, AirAsia Vietnam, AirAsia Japan, Philippines AirAsia, Thai AirAsia and Thai AirAsia X