AirAsia Group CEO Tony Fernandes, on his official Twitter page, stated (16-Jun-2013) Tata Group chairman emeritus Ratan Tata will be the chief adviser to the board of AirAsia India. Mr Fernandes tweeted: "I am pleased to announce Ratan Tata as the chief adviser to the board of AirAsia India. A legend in every sense. Building a powerful team... Persuading Mr Tata to be adviser has not been easy. Critical we have someone of his massive experience to help me chart AirAsia India with Mittu (the CEO) and myself". He previously noted: "Our chairman is someone who has redefined many parts of India. A towering man who brings unbelievable experience to the AirAsia India board... AirAsia India shaping up brilliantly. Super CEO. Some great staff. A good board and now great adviser."
Tata Group chairman emeritus chief adviser to the board of AirAsia India
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AirAsia Group fleet analysis: expansion to resume in 2017 with 32 deliveries including 15 new leases
The AirAsia Group is accelerating expansion in 2017 after deciding to lease 15 additional A320ceos which were not previously in its fleet plan. AirAsia now plans to take delivery of 32 A320s in 2017 (11 A320neos and 21 A320ceos) while returning three aircraft, for a net gain of 29 aircraft, marking its biggest expansion since 2013.
The AirAsia Group took delivery of only 10 aircraft in 2016 and originally was planning to take delivery of just 10 aircraft again in 2017. It initially slowed its fleet growth in 2015, with four deliveries, after several years of rapid double digit fleet expansion.
The AirAsia Group’s active fleet grew by only two aircraft in 2016 and shrank by two aircraft in 2015, when aircraft sales, leases outside the group and lease returns are taken into account. Fleet growth peaked in 2013 with 36 aircraft, before initially slowing to 18 aircraft in 2014 as market conditions became more challenging.
AirAsia Group to accelerate growth in 2017 with more deliveries, India push and Japan launch
The AirAsia Group is planning to accelerate expansion in 2017, with several additional deliveries. The short haul LCC is bullish on its prospects for 2017, particularly in India, Indonesia and the Philippines which are on course to achieve profitability by the end of 2016.
The group is also hoping to benefit from more favourable conditions in its original home markets of Malaysia and Thailand. While AirAsia has remained profitable at a group level over the last two years it has been impacted by relatively challenging conditions in Malaysia and Thailand and steep losses in India, Indonesia and the Philippines.
The group’s fifth joint venture, AirAsia Japan, is now slated to commence operations in 1Q2017. Japan will help drive a new phase of growth after a hiatus from fleet expansion over the last two years.