AirAsia on aggressive expansion spree, 50 more planes to be ordered

AirAsia on aggressive expansion spree, 50 more planes to be ordered Zee Media Bureau

Monaco/New Delhi: The newly formed AirAsia India, the Indian arm of Malaysia's low cost carrier AirAsia will buy 50 more planes as part of its aggressive expansion strategy in India, as per a news wire report.

The additional aircraft would be mainly for the market in India, where it expects its new affiliate, AirAsia India, to launch in the fourth quarter.

"We've bought a lot of planes but we're still short, we're still leasing planes at the moment, so I was right buying these planes, and we may have to put in another order...fifty or something like that," Fernandes told the wire in an interview.

AirAsia plans to launch an airline in India in partnership with the Tata Group to cash in on rising demand for domestic air travel among India's expanding middle class. It would start with planes already on order but potentially trigger new orders.

Fernandes also said the affiliate, AirAsia India, was recruiting to be ready to launch in the fourth quarter, subject to final clearances.

With Agency Inputs