Emphasising that things are looking good for the airline, AirAsia India CEO Amar Abrol has said it will continue to make investments and expand fleet size to 10 in the current financial year.
The no-frills carrier, which took to the Indian skies in June 2014, also expects to have a headcount of around 1,000 by the end of March next year.
AirAsia India, a joint venture between Tatas and Malaysia’s AirAsia Berhad, came into focus recently after ousted Tata group Chairman Cyrus Mistry alleged fraudulent transactions worth ₹22 crore had happened in the carrier.
Currently, the airline has eight aircraft and two more would be added in this financial year, Abrol said, adding that the staff strength is expected to reach around 1,000 during the same period. Presently, the airline has a staff strength of 800-850.
“We will have around 1,000 people, hopefully by March... Things are looking good and we continue to invest in India,” he told PTI.
The budget carrier had 2.3 per cent share in the domestic aviation market at the end of September quarter. It flew 5.89 lakh passengers in the three months ended September, an increase of 42 per cent compared to the year-ago period.
Without divulging specific financial details, Abrol said the airline has been seeing gross profit since the new management took over in March.
He came at the helm of the airline in March this year.
When asked about the allegations of financial wrongdoings at the airline, Abrol said the airline has already issued a statement in that regard.
After Mistry alleged ₹22 crore worth fraudulent transactions at the airline, AirAsia India, on October 31, had said that probe is going on against certain former executives for “irregular personal expense claims” and other charges.
The airline had also said it would not make any specific reference to the matters investigated at this stage as it may be prejudicial to AirAsia (India) Ltd or the personnel investigated.
In the airline, Tata Sons owns 49 per cent while two of the airline’s directors — S Ramadorai and R Venkataramanan — have 2 per cent shareholding, and the remaining is with AirAsia Berhad.