Monday, April 13, 2015

Unhappy AirAsia promoters put pressure on management to deliver

As the low-fare carrier AirAsia India moves from one missed milestone to another, the management headed by CEO Mittu Chandilya faces immense pressure to deliver, sources in the know told dna.

"There is a lot of introspection being done on why the airline has not been able to reach its milestones in time," said a source, who spoke on condition of anonymity.

Tata Sons, which is one of three partners of the joint venture airline, is apparently not happy with the airline's performance till now, especially with network planning, said sources, adding that the promoters are reviewing their strategy.
Regional budget airline AirAsia India, an alliance between Malaysia's AirAsia Berhad, Tata Sons Ltd and Telstra Tradeplace Pvt Ltd, launched its services in June last year.

According to the latest Directorate General of Civil Aviation (DGCA) numbers, after eight months of operations in the Indian skies, the low-fare airline cornered a 1.2% market share, flying 72,000 passengers, in February.
13/04/15 Praveena Sharma/Daily News & Analysis
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