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Tuesday, 30 January, 2018, 16 : 05 PM [IST]

Air India Express set a target of increasing passenger carriage over 4.5 millions by end of FY2018

India' first International low cost carrier Air India Express, the subsidiary of Air India, has set a goal of flying over 4.5 million passengers in FY2018. Kochi headquartered carrier will also be looking at increasing its revenue by 15% and ASK by 10%. During a presentation at CAPA India Aviation Summit 2018, K Shyam Sundar, CEO, Air India Express said that the carrier apart from strengthening the already tried and tested markets, will also be exploring new routes especially in Tier-II and III cities and add them to international routes.

The LCC has stated Kannur as it's focus market for FY2019. Elaborating more on this Sundar said, "Kannur Airport is expected to be ready by mid 2018 and we are looking forward to become the first airline to start International operations from Kannur to Gulf and strengthen this market further ahead in FY2019."

Air India Express will be commencing Kochi-Kuwait/Bahrain route and Madurai-Singapore route in FY2018. Madurai-Singapore flight is expected to opearte four to seven times a week. The carrier will be adding two Boeing 737-800 NG to its fleet of 23 aircraft in FY2019.

Recording approximate 86% OTP (On-time Performance), carrier is also looking at improving aircraft utilisation by 5 to 6% thereby increasing it from at an average 13.2 hours to 14 hours.

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