08 Nov 2022
India Aviation Industry Newsletter
Air India begins the process of merging with Air India Express to form a single low-cost carrier after signing agreement to acquire AirAsia India.
In a statement, Air India stated that it had signed contracts to finalize the purchase of a 100% ownership stake in AirAsia India (AAI) and to subsidiarize it under Air India. A review of operations is being conducted with the goal of eventually fully integrating AAI with Air India Express (AIXL).Air India CEO & MD Mr. Campbell Wilson said, “We are excited to initiate the creation of a single Air India Group low-cost carrier. This is a key step in the rationalisation and transformation of the Group, and we will be working closely with the management teams and staff throughout the process. We also look forward to the many new opportunities a stronger AI Group low-cost carrier will bring for customers and staff alike.”
AirAsia transfers its remaining stock in AirAsia India to Air India
The holding company for Capital A's airline group, AirAsia Aviation Group, declared it has signed a share purchase agreement to sell AirAsia (India) Private Limited's remaining equity shares to Air India Limited, a subsidiary of Tata Sons Private Limited.. AirAsia Aviation Group Bo Lingam CEO Bo Lingam said, “Since 2014 when we first commenced operation in India, AirAsia has built a great business in India, which is one of the world’s biggest civil aviation markets in the world. We have had a great experience working with India’s leading Tata Group. This is not the end of our relationship, but the beginning of a new one as we explore new and exciting opportunities to collaborate and enhance our synergies moving forward.”
Akasa Air strengthens connectivity, announces Pune as the ninth destination on its network
Pune will now have direct connectivity from Bengaluru as of November 23rd. The second city in the Maharashtra state after Mumbai is Pune, which is the ninth location in Akasa Air's network. The recently launched twice-daily flights on the Bengaluru-Pune route begin with their first frequency on 23 November and the second frequency will be added from 26 November. Akasa Air Co-Founder and Chief Commercial Officer Praveen Iyer, said, “We are delighted to add Pune to our fast-expanding network as our second destination in Maharashtra. Connecting two of the most important IT hubs in India – Pune & Bengaluru, will not only offer enhanced connectivity and options but also provide Akasa Air’s signature experience with our dependable, warm & efficient service coupled with affordable fares. Further strengthening our domestic connectivity, we are pleased to add two more frequencies to the high-capacity Bengaluru-Mumbai route, with this we cross 20 daily flights from Bengaluru connecting across seven destinations”.
IndiGo commences flights between Indore and Chandigarh
IndiGo commenced 2 November the launch of a new route between Indore and Chandigarh. IndiGo Chief Strategy and Revenue Officer, Mr. Sanjay Kumar, said “As part of our mission to enhance accessibility and strengthen domestic connectivity, we have launched direct flights between IndoreChandigarh. The new flights will not only enhance capacity, but also provide more options to customers. Indore is India’s cleanest city and Chandigarh is the most well-planned city, both have a lot to offer not just in terms of places to visit but also the culture and gastronomic experiences. We will continue to stay true to our promise of courteous, hassle-free, on-time and affordable travel experience.”
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