Can small airlines survive in India's new aviation landscape?
In a vastly altered aviation landscape in India, smaller players would have to use every trick up their sleeve to survive.
In a vastly altered aviation landscape in India, smaller players would have to use every trick up their sleeve to survive.
AirAsia India, renamed AIX Connect in December 2022, is currently flying with a fleet of 28 A320 planes.
Along with the merger, Singapore Airlines will infuse ₹2,058.5 crore into Air India, which will give it a 25.1% stake in an enlarged Air India group.
AirAsia says it has sold the remaining stake in AirAsia India to Tata to focus on ASEAN nations. Move also seen as part of Tata’s strategy to consolidate its aviation biz under one umbrella.
The proposed combination envisages the acquisition of the entire equity share capital of Air Asia India by Air India.
Tata Group, which owns both carriers along with Air India Express and Vistara, has been trying to promote synergy between its airlines.
Pressure to reduce duties on ATF mounts as surging prices increase stress on a sector in the doldrums.
Even as the Tata group doubles down on its aviation bets, IndiGo is also preparing ground for its next stage of growth. It’s on a mission to build the best airline system for India, says its CEO.
The Tata group has evinced interest in buying Air India, even as it already owns loss-making airlines AirAsia India and Vistara. Despite its deep pockets, turning around Air India may not come easy.
Data by the Directorate General of Civil Aviation showed that more domestic travellers took to the skies last month, as compared to August. Although, traffic is still down on an yearly basis.