AirAsia India Thursday said it has started flights from Guwahati to Imphal, adding the tenth destination and the second city from the north east into its network.
The airline currently flies to Bengaluru, Goa, Pune, Chandigarh, Jaipur, Guwahati,Delhi, Vizag and Kochi.
The airline is offering fares as low as Rs 900 on the route. Bookings are open till June 7 and valid for travel between June 25 and May 31 next year, the airline said in a statement.
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NEW DELHI: In signs that AirAsia India’s target of achieving break even in the first year of operations might take longer,
the no-frills carrier has reported a loss of Rs 19 crore in the first three months of 2015.
The carrier, which started its operations in India last June, raked in Rs 74.39 crore in the January-March period.
AirAsia India is a joint venture in which AirAsia Berhard owns 49 per cent, Tata Sons has 30 per cent and the rest is with Arun Bhatia’s Telestra Tradeplace.
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MUMBAI: The promoters of AirAsia India have pumped in close to Rs 100 crore equity into the company and increased its authorized share capital by more than three times in the past few months, according to official documents and two persons familiar with the matter.
“We had aimed to be a $30 million company (in terms of authorised share capital). Part of the investment was put in last year and the rest this year,” said one of the people cited above.
The airline’s board late last month mooted a proposal to increase its authorised share capital from Rs 50 crore to Rs 175 crore, according to docu- ments filed with the Regis- trar of Companies. The executive didn’t, however, mention what amount each promoter has put in.
Malaysian low-fare carrier AirAsia (India) owns 49% in the airline, salt-to-software conglomerate Tata Sons has 30%, while private investor Arun Bhatia owns the rest. They have invested in proportion to per-centage of shares owned, to retain holding. AirAsia started with initial capital of Rs 80 crore, according to the first proposal document filed with the Indian government.
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MUMBAI: Low-cost carrier Air Asia India has decided to go slow with its fleet expansion due to lack of clarity on international flying rules and has also deferred its one-plane-per-month fleet expansion plan, ending the year with 7-10 planes from the present five.
“We slowed down in adding one plane a month plan. I took the call of watching and waiting,” airline’s chief executive Mittu Chandilya told PTI, and blamed the decision to the lack of clarity on overseas flying rights for new airlines.
“Now we have five planes. … By December, we should end up anywhere between seven and 10 planes,” he said, adding the number of routes it operates will grow to 15 from the present nine.
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AirAsia India further expands its wings by adding New Delhi to its network. Flights from New Delhi to Bengaluru, Goa and Guwahati and vice versa will be operational from May 21, 2015. It is offering an all-inclusive promotional fare of Rs 1700 from New Delhi to Bengaluru and Goa and Rs 1500 from New Delhi to Guwahati and vice versa. Guests will be able to start their booking from 00:30 hrs on April 21 to April 26 for the travel period from May 21 to May 31. Mittu Chandilya, CEO, AirAsia India, said, “We are very excited about coming into New Delhi and setting it up as our North region hub. Our ability to provide our guests with a truly low cost and high quality mode of travel is what we truly believe in.”
NEW DELHI: No-frills carrier AirAsia India today announced spreading its wings to the national capital which would serve as its hub for the north India market.
The airline would connect New Delhi with Bengaluru, Guwahati and Goa from May 21, AirAsia India said in a release.
The carrier has offered an all-inclusive fares of as low as Rs 1,500 for the New Delhi-Guwahati sector and Rs 1,700 for the New Delhi-Goa and New Delhi-Bengaluru sectors.
As of now, the domestic arm of the Malaysian airline AirAsia is operating from Bengaluru to five airports in the country.
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MUMBAI: AirAsia India—the joint venture airline between Tata Sons and AirAsia Berhad— is unhappy with the new guidelines the government has mooted to replace a rule that now requires domestic carriers to fly locally for five years and have a fleet of 20 aircraft.
The new guidelines bring into place a credit based system wherein an airline accumulates point basis the distance it flies and is allowed to fly international once it has piled up a critical mass. There are bonus points for flying to remote areas. An accumulation of 300 of these so called Domestic Flying Credits (DFCs) will make an airline eligible to fly long haul international routes such as to the US and Europe.
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