NEW DELHI: “The low-cost space is getting crowded,” feels Ronojoy Dutta, the CEO of India’s largest low-cost carrier (LCC) IndiGo, as Rakesh Jhunjhunwala’s Akasa is set to make its debut early next year. On the other hand, the imminent expansion of full service carrier (FSC) space with Tatas acquiring Air India is just what the market needed as “India really has scope for a full service carrier”.
“There will be another LCC (Akasa)…. the field for LCCs will get crowded. There’s IndiGo, SpiceJet, GoAir, Akasa (Tata’s AirAsia India also at present). There will be more competition. That’s how we see it,” Dutta said on Thursday in an earnings call after IndiGo announced its July-September result.
IndiGo accounts for almost 57% of domestic market share currently. Jhunjhunwala had in a media interaction some months back said some very weak airlines may not survive for too long.
