FI­NAN­CIAL STATE OF AIRASIA IN­DIA

SP's Airbuz - - News Brief -

Amar Abrol MD and CEO of Ben­galu­rubased no-frills car­rier AirAsia In­dia has said that the air­line is look­ing to break even by De­cem­ber 2018 or early next year. The bud­get car­rier will be com­plet­ing four years in June 2018. Ac­cord­ingly, it plans to triple its head count to over 4,800 by 2020 from 1,612 in 2017, as it seeks to spread wings to in­ter­na­tional skies, be­sides ex­pand­ing do­mes­tic op­er­a­tions. “In 2017, we had 1,612 em­ploy­ees, which we plan to take to 2,569 this year and 3,684 in the sub­se­quent year. By 2020, we ex­pect to have 4,834 peo­ple work­ing for us,” Abrol said. He said that most of this hir­ing will be made for pi­lots, cabin crew and ground op­er­a­tions, which ac­count for al­most 95 per cent of the to­tal work­force. “There will not be much hir­ing in the back of­fice or at the head­quar­ters or in the strat­egy sec­tion, but largely it will be for air­craft-re­lated func­tions,” Abrol added. Ac­cord­ing to him, the air­line is also likely to dou­ble its pas­sen­ger traf­fic to eight mil­lion this year from around four mil­lion in 2017. “We ex­pect this num­ber to go to 12 mil­lion in 2019 and by 2020, we hope to fly 15 mil­lion,” he added. AirAsia Group Chief Ex­ec­u­tive Tony Fer­nan­des has al­ready an­nounced a pub­lic float for the In­dia JV, wherein his group con­trol 49 per cent.

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