Air Asia India, which will begin domestic services later this year, hopes to break even within a year of commencing operations, its group chief executive officer Tony Fernandes said on Monday.
?We hope to have a stable cost structure after seven-eight planes and then break even with 57-58% occupancy,? said Fernandes during his first visit to Mumbai since the announcement of Air Asia India.
Fernandes said the airlines, which will start its operations with three aircraft, plans to expands its fleet aggressively and is looking to add at least 10 planes (Airbus 320s) a year. The Indian operations, like its Malaysian counterparts, will follow tight cost controls and allow look to generate revenues through ancillary income.