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AirAsia India venture to break even in December, later than they expected

Bangalore, July 03 (ANI): Malaysian-based budget carrier AirAsia, on Thursday said it expected its India unit to break even in December, later than initially planned, after a delay in plane deliveries and a plan to boost investment in the fleet. The budget carrier, which launched its inaugural flight in India last month, had said it would break even around October. Tony Fernandes, owner and CEO of AirAsia, told reporters that the airline would also invest more money in new planes to raise its scale in India. AirAsia India, a three-way venture between the airline, India's Tata Group and investment firm Telestra Tradeplace, launched its debut flight on June 12. Jul 3, 2014
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