AirAsia India’s new management, handpicked by its parent Tata Sons, has presented to its board a fresh expansion plan that says 40% of its capacity will be deployed overseas in the next half decade, even as the airline awaits an approval from the government for overseas flying rights, said two people aware of the matter.
The plan, presented to the board earlier this month, presents cost cutting and revenue optimisation measures to bring the airline to profits. It also aims to treble the fleet size of the airline to 60 planes in five years through a mix of owned and leased planes. The airline initially aims to fly to Kuala Lumpur and Bangkok and may subsequently use the locations as hubs for its overseas flights, said one of the people cited above.
