Aviation

AirAsia India assures travel agents about its financial sustainability, expansion plans

By CNBC

Budget airline AirAsia India has assured travel agents about its financial sustainability and plans to expand capacity, according to a communication. The move also comes amid concerns about the airline after Malaysia’s AirAsia Group Berhad earlier this month said it was reviewing its investment in AirAsia India.

The airline — a joint venture between AirAsia Investment Ltd and Tata Sons — has been facing business headwinds. The carrier has assured the Travel Agents Association of India (TAAI) about its financial sustainability and growth momentum.

AirAsia India’s CCO Ankur Garg, Chief of Sales Ajay Kumar Wadhawan and other team members during a virtual meeting with TAAI assured them about the ”stability of the airline” as well as provided insight on its expansion and upcoming schedules, as per the communication from TAAI. The airline has told the association that it continues to grow its network in line with capacity guidance prescribed by the government.

Already the carrier is at 55 percent of pre-COVID-19 capacity and is looking to increase the same to 70 percent, according to the communication. In the current backdrop where the coronavirus pandemic has adversely impacted aviation sector

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