For FY2017, passengers carried grew 81% on the back of 80% increase in capacity as compared to FY2016. We are proud to announce that our India operations have more than doubled the revenue for 4Q17 to INR5.17 billion (Rs 517 crore) from INR2.70 billion (Rs 270 crore) in 4Q16,” Fernandes was quoted in a release on Air Asia Berhad’s annual results.AirAsia India has 14 aircraft as of December 31, 2017. “We will be adding 7 aircraft for our India operations by the end of 2018 to fulfil the strong air travel demands. We will launch our international and regional routes with the 21st aircraft this year. We foresee AirAsia India to be very profitable once we start flying regional routes and connecting them to our already established wide network,” Fernandes was quoted as saying on Indian operations in the release.Meanwhile, AirAsia India today announced the induction of its 16th aircraft in its fleet and addition of Nagpur and Indore to its list of destinations.

Source: Economic Times February 27, 2018 14:15 UTC