AirAsia India plans to take fleet size to 100 in five years

New Delhi: After growing at a very slow rate in its first five years of operations, AirAsia India plans to expand its fleet more than fourfold to 100 aircraft in the next five years. “We have firmed up plans to add 14-15 planes every year starting next year for the next five years. We have remained a small player in the Indian market till now with just 23 planes, which will increase to 29 planes by the end of December,” said a senior executive, who did not wish to be identified.

The executive said the lowcost carrier, a 51:49 joint venture between Tata Sons and Malaysia’s AirAsia Berhard, will become an impactful player in the market once its fleet grows to 50 aircraft. The market is dominated by IndiGoNSE -0.61 %, which operates a fleet of about 250 aircraft. “While we will continue to add aircraft under the current model by getting aircraft from AirAsia Berhad, we will also look at leasing planes directly from lessors,” said the executive.