AirAsia India

is an Indianlow cost carrierheadquartered inBengaluruIndia. The airline is a joint venture withAirAsia Berhadholding 49% stake in the airline,Tata Sonsholding 49%, R Venkataramanan holding 1.50%, and S Ramodarai holding 0.50%, respectively, the latter two holding other key positions in Tata Group. Air Asia India commenced operations on 12 June 2014 withBangaloreas its primary hub.

AirAsia is the first foreign airline to set up a subsidiary in India and the company marked Tatas return to the aviation industry after 60 years, having cededAir Indiain 1946. As of May 2017, AirAsia India was the 4th largest low-cost carrier in India, afterIndiGoJet Airways, andSpiceJet, with a market share of 3.3%.

In Feb. 2013, with theIndian governmentallowing aforeign direct investmentof up to 49% in airlines,AirAsia Berhadapplied to the IndianForeign Investment Promotion Board(FIPB) seeking approval for commencing its operations in India.45In March 2013, AirAsia announced that it would establish ajoint venturewithTata Sonsand Telestra Tradeplace with Tata Sons representing the airline with two non-executive directors in the board.678The airliner planned to operate with the worlds lowest unit cost of₹1.25(1.9US) per available seat Kilometre and a passenger break-even load factor of 52%. It also planned tohedge100% of its fuel requirements for the first three years and to achieve an aircraftturnaroundtime of 25 minutes.9

AirAsia planned to begin operations to varioustier 2 and tier 3cities withChennai International Airportas its main operating base.10According toKPMG, the introduction of AirAsia was expected to cause anotherprice war, ultimately leading to an increase in air traffic and some consolidation in the Indian aviation sector.11AirAsia initially invested an amount ofUS$50 million and in preparation for its operations in India, it struck deals with online and offline travel agents.1213On 3 March 2013, the FIPB officially permitted AirAsia to rent or lease aircraft and to carry cargo on its scheduled flights. The airline then applied for permission to schedule aircraft and transport passengers,14which the FIPB accepted on 6 March.15

AirAsia India was established on 28 March 2013 and became the first foreign airline to set up a subsidiary in India.1617In April, the airline started recruiting candidates for pilots and cabin crew.18As the final procedure to obtain Air Operator Permit, a proving flight was conducted on 1 and 2 May 2014 flying from Chennai toKochiBangaloreandKolkata.19On 7 May 2014, theDGCAissued an Air Operator Permit to the company.20On 30 May 2014, the airline announced the shifting of its base to Bangalore and its first flight from there to Goa.21AirAsia operated its maiden flight on 12 June 2014.2223In June 2015, the airline madeIndira Gandhi International Airport, Delhiits secondary hub for North Indian operations.24In August 2015, Tata Sons increased its stake to 40.06% from 30% earlier by injecting fresh equity while Telestras share was reduced to 10% from 20%.2526As of May 2017, AirAsia India is the fourth largest low cost carrier in India, far behindIndiGoSpiceJetandGoAir, with a market share of 3.3%.2728

In January 2018, managing director and chief executive Amar announced plans of the company to expect a fleet of 21 aircraft by the yearend, which will make it eligible to operate overseas flights.29

AirAsia India is headquartered in Bengaluru, India.30Prior to the airlines formation,Tony Fernandes, founder of AirAsia group, announced that he would likeRatan Tatato be the chairman of the airline; however the latter refused, though he later consented to being the chief advisor to the AirAsia India management board.3132On 15 May 2013, AirAsia India appointed management consultantMittu Chandilyaas CEO.33A month later, on 17 June,S. Ramadorai, the non-executive vice-chairman ofTata Consultancy Services, was appointed as the chairman of the airline.34In April 2016, Amar Abrol replaced Mittu Chandilya as the CEO of the airline.35

AirAsia India operates over 100 daily flights connecting 21 destinations acrossIndia.29

Lokpriya Gopinath Bordoloi International Airport

Indira Gandhi International Airport

Sheikh ul-Alam International Airport

Dr. Babasaheb Ambedkar International Airport

Sri Guru Ram Dass Jee International Airport

Netaji Subhas Chandra Bose International Airport

AirAsia India operates a fleet ofAirbus A320aircraft

As of May 2018, AirAsia India operates 18Airbus A320swith plans to bring total fleet to 20 by the year-end.2948

.Archivedfrom the original on 30 December 2016

. 5 January 2017. p.3-1-10.Archived

AirAsia India to set up innovation centre in Bengaluru. Forbes India. 27 September 2017.Archivedfrom the original on 1 December 2017

AirAsia India to take to the skies in Q4.

.Archivedfrom the original on 24 February 2013

Kurlantzick, Joshua (23 December 2007).Does Low Cost Mean High Risk?.

.Archivedfrom the original on 3 November 2014

AirAsia to tie up with Tata Sons for new airline in India.

. 21 February 2013.Archivedfrom the original on 27 April 2016

Tata Sons, Telestra Tradeplace and Air Asia to form Air Asia India.

. 20 February 2013.Archivedfrom the original on 7 November 2016

AirAsia incorporates company for Indian venture.

. New Delhi.Press Trust of India. 31 March 2013.Archivedfrom the original on 31 March 2013

Passengers perceptions of low cost airlines and full service carriers.

. 2005.Archivedfrom the original on 13 March 2017

Tatas plan return flight with AirAsia on boardNDTVArchivedfrom the original on 21 February 2013

AirAsias India foray good news; see more competition: KPMG.

. 21 February 2013.Archivedfrom the original on 4 March 2016

. 6 March 2013.Archivedfrom the original on 28 May 2013

Air Asia to make strong sales pitch, ties up with portals, agents.

. 23 February 2013.Archivedfrom the original on 8 March 2016

Air Asia, Tata Group JV seeks permission for aircraft leasing.

. 3 March 2013.Archivedfrom the original on 6 March 2013

AirAsias India investment plan gets FIPB nod.

. 6 March 2013.Archivedfrom the original on 29 September 2015

AirAsia incorporates Indian venture; files all papers with MCA.

FIPB to take up AirAsia India entry proposal on March 6.

. 22 February 2013.Archivedfrom the original on 5 January 2016

AirAsia recruitment drive for India gets overwhelming response.

AirAsia India Proving Flights: Day 2.

. 2 May 2015.Archivedfrom the original on 3 July 2015

AirAsia India gets approval to fly.

. 8 May 2014.Archivedfrom the original on 21 May 2014

AirAsia India launches and shifts base to Bengaluru.

. 18 June 2014.Archivedfrom the original on 26 June 2014

AirAsia India Tickets on sale from today.

. 30 May 2014.Archivedfrom the original on 29 May 2014

AirAsia India announces maiden flight from Bangalore to Goa for Rs 990.

. 30 May 2014.Archivedfrom the original on 3 January 2015

AirAsia looking for a third hub after Delhi.

ATata Sons increase AirAsia India stake to 41%.

. 18 August 2015.Archivedfrom the original on 27 August 2016

Tata group ramps up stake in Air Asia.

. 18 August 2015.Archivedfrom the original on 19 October 2015

Indias domestic passenger demand up 25 percent: IATA.

. 6 April 2014.Archivedfrom the original on 23 April 2016

AirAsia India Says No Plans to Look at Air India Stake.

. 16 January 2018.Archivedfrom the original on 16 January 2018

AirAsia India shifts base to Bengaluru from Chennai.

. 30 May 2014.Archivedfrom the original on 27 April 2016

AirAsia wants Ratan Tata to head JV.

Ratan Tata to be the chief advisor to AirAsia India.

Singapore based Mittu Chandilya appointed CEO of Air Asia India.

AirAsia India appoints TCS S Ramadorai as Chairman.

. 17 June 2013.Archivedfrom the original on 28 January 2018

Meet Amar Abrol, AirAsia Indias new CEO who is set to replace Chandilya.

. 18 March 2016.Archivedfrom the original on 22 May 2016

AirAsia India to start Bangalore-Visakhapatnam service from 18 June 2015.

. 8 March 2016. Archived fromthe originalon 22 July 2015

AirAsia India set to launch flights from New Delhi.

. 20 April 2015.Archivedfrom the original on 27 April 2015

Air Asia adds Jaipur and Chandigarh.

(Press release). 24 July 2014.Archivedfrom the original on 20 March 2016

AirAsia India plans to connect Surat with Bengaluru in May Surat News – Times of India. M.timesofindia.com. 2018-04-20

.Archivedfrom the original on 22 March 2017

. 17 June 2014.Archivedfrom the original on 4 March 2016

AirAsia India to commence flight operations to Nagpur and Indore.

. 27 February 2018.Archivedfrom the original on 28 February 2018

AirAsia India to commence flight operations to Nagpur and Indore.

. 27 February 2018.Archivedfrom the original on 28 February 2018

Airasia India launches services to Pune.

. 18 December 2014.Archivedfrom the original on 15 November 2015

AirAsia Adds Another New Route, Fares Start At Rs. 1/Km.

. 3 June 2015.Archivedfrom the original on 3 March 2016

Bernama.AirAsia India to launch Amritsar route next month. The Edge Markets

AirAsia India outlines plans to expand fleet, networkArchivedfrom the original on 18 August 2016

AirAsia India to resume Chennai operations from next month.

Air Asias 1st Airbus A320 from France arrives in Chennai.

. 22 March 2014.Archivedfrom the original on 3 March 2016

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