Hyderabad: Airfares on the India-Malaysia sector are likely to decline in the next few months, with no-frill Malaysian carrier Air Asia planning a major foray into the Indian market at fares ranging between Rs 5,000 and Rs 6,000.
"We are planning to start daily services to Trichy by the first week of December, depending on grant of all necessary clearances," the Air Asia Chief, Toni Fernandes, told PTI here.
He said the airline and its fully-owned subsidiary, Air Asia X, were looking at launching services to several cities, mostly in South India, soon after starting its first flight to Trichy which had "a potential capacity of double daily flight operations".
Regarding Hyderabad, he said both Air Asia and Air Asia X could operate to this metro, which had a large potential.
Observing that India had "tremendous opportunities" for growth in the aviation sector, Fernandes said his airline, during its six years of operations, had first concentrated on serving the market in the ASEAN nations, than China. "And now it is the turn of India where we have major plans."
Aznan Osman Rani, CEO of Air Asia X, said: "We are looking at the Indian market over the next five years."
