In a chat with CNBC-TV18's Farah Bookwala-Vhora, Airasia India chief Mittu Chandiliya discussed plans to ramp up fleet and the impact of the regulatory & policy uncertainty on its expansion plans.
At the end of 2015, we would be around 12 to 14 aircrafts.
After missing its November 2014 deadline, low-cost carrier AirAsia India is hoping to break even soon as it starts flying its sixth aircraft in May-June.
In a chat with CNBC-TV18's Farah Bookwala-Vhora, Airasia India chief Mittu Chandiliya discussed plans to ramp up fleet and the impact of the regulatory & policy uncertainty on its expansion plans.
Below is the transcript of the interview on CNBC-TV18.
Q: How are you planning to ramp up operations?
A: Over the last four months we have seen a lot of policy changes and whether it is the RDG, whether it is the 5:20 -- it didn't make sense for us to rocket up the launch and commit to certain markets, certain routes when there could be a drastic change which should make it prohibitive to go to certain markets and certain routes.
So the whole idea was let us take a step back, let us see kind of how the industry shakes up and then make a decision based on routes and airports after that.
Q: How do you intend to ramp up your fleet?
A: We are having one [aircraft] which will come to us in about three weeks. The fourth one will come towards the end of April. We will have five before May and then after June-July, we would probably add another six to seven more aircraft.
Q: So, in totality when you end 2015 how many aircraft would you have added?
A: At the end of 2015, we would be around 12 to 14 aircrafts.
Q: What is the plan to break even? We have seen that also get deferred from last year to now. We are hearing about May-June.
A: In terms of breakeven it is always going to be a factor of anytime we hit the sixth aircraft. We would be in a much better state to break even.
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