1. AirAsia India reports 42 per cent increase in passenger traffic

AirAsia India reports 42 per cent increase in passenger traffic

Budget carrier AirAsia India (AAI) flew 5.89 lakh passengers in three months ended September, 2016, a 42 per cent increase from the number of passengers who flew in the airline in the year-ago period.

By: | New Delhi | Published: October 31, 2016 4:50 PM
The airline during the quarter added three new destinations in its route network while capacity (number of total seats flown) increased by 23 per cent to 6.72 lakh, AirAsia said in a statement today. (Source: Reuters)

Budget carrier AirAsia India (AAI) flew 5.89 lakh passengers in three months ended September, 2016, a 42 per cent increase from the number of passengers who flew in the airline in the year-ago period.

The airline during the quarter added three new destinations in its route network while capacity (number of total seats flown) increased by 23 per cent to 6.72 lakh, AirAsia said in a statement today.

The number of passengers carried (by AirAsia India) increased 42 per cent YoY to 0.59 million (5.89 lakh), while the capacity increased by 23 per cent in July-September quarter of the current year, AirAsia said.

In AAI, while Tata Sons and Malaysian no-frills airline AirAsia Berhad each holds 49 per cent stake, two of the airline’s directors, S Ramadorai and R Venkataramanan, hold 2 per cent stake.

Three new routes –Bengaluru-Guwahati, Bengaluru-Hyderabad and Hyderabad-Goa were added in the flight network during the quarter while frequencies were scaled up on the Bengaluru-Goa route.

The airline also increased its seat factor by 12 per cent to 88 per cent from 76 per cent recorded in the quarter ended September 2015, it said. As on September 30, AirAsia India had eight Airbus A32O aircraft in its fleet against five in Q3 2015, it added.

Significantly ousted Tata group chairman Cyrus Mistry, in a letter written a day after his abrupt removal had raised “ethical concerns” in Tata group’s jv with AirAsia and alleged that forensic investigation revealed fraudulent transactions of Rs 22 crore involving non-existent entities in India and Singapore.

“Board members and trustees are also aware that in the case of AirAsia, ethical concerns have been raised with respect to certain transactions as well as overall prevailing culture within the organisation.

“A recent forensic investigation revealed fraudulent transactions of Rs 22 crore involving non-existent parties in India and Singapore,” Mistry said in the letter.

The Government has already said that “all issues (regarding AirAsia India) would be looked into and law of the land will have to be followed in case of any violation.”

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