AirAsia Group CEO Tony Fernandes, on his official Twitter account, confirmed (26-Sep-2013) AirAsia India has received its No Objection Certificate (NOC) from the Government of India. In a series of tweets, he said: "I am thrilled to announce that Airasia India has received NOC approval from the government of India. Very exciting and hugely profitable". He also tweeted: "Mittu [CEO Mittu Chandilya] and team have been clearing all the tasks I have asked them to do." and: "I want to praise the Government of India for quickest approval ever in granting NOC for Airasia India".
AirAsia India receives NOC approval
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The AirAsia Group is accelerating expansion at all five of its existing airlines in 2017 following a decision to acquire 22 more aircraft than originally planned. The group is confident it is now in a position to pursue faster – and strategically important – growth following significant improvements to its bottom line in 2016. However, such expansion could pressure yields and profitability, particularly as 2017 is shaping up to be a year of intensifying competition and increasing fuel prices.
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