The airline will start daily flights from Bangalore to Kochi and vice versa, effective July 20, AirAsia said, offering limited promotional seats for all-inclusive-fare Rs 500 from Bangalore to Kochi and vice versa.
Four days after breaking into the domestic aviation space, the country's fourth budget carrier AirAsia India today announced the addition of Kochi to its existing network from July 20.
The airline will start daily flights from Bangalore to Kochi and vice versa, effective July 20, AirAsia said, offering limited promotional seats for all-inclusive-fare Rs 500 from Bangalore to Kochi and vice versa.
Guests will be able to start their booking on www.airasia.com at 21:30 IST from June 16 to 22 for the travel period from July 20 to October 25, the release added.
Also read: Spicejet launches another round of low fares for flyers
Breaking into Indian domestic aviation space, AirAsia India on Thursday had launched its operation with a flight from here to Goa in a foray that is expected to intensify the fare war among the no-frill airlines in the loss-hit sector.
AirAsia India, the Indian arm of Asia's biggest budget carrier Malaysia-based AirAsia Bhd, thus became the fourth low-cost carrier in the country after IndiGo, SpiceJet and GoAir.
"We are excited to announce our third destination Kochi, within a few days of our launch. We are very encouraged by the outstanding reception to our product and service," AirAsia India CEO Mittu Chandilya said.
"We have done a complete analysis on our third destination and we are confident we will be able to reach out to more first time fliers. We will stand by our promise todeliver a quality product to our guests that promises value for their money," he added.
Malaysia-based AirAsia currently operates international routes into Bangalore, Chennai, Kochi, Kolkata and Trichy. AirAsia, one of the most successful low-cost carriers in the world, got the aviation ministry's flying permit on May 8, the last of the many approvals needed for the airline to take off after a nine-month long wait marked by legal hurdles.
AirAsia India is a 49:30:21 joint venture among Malaysian carrier AirAsia, Tata Sons and Arun Bhatia's Telestra Tradeplace. AirAsia had announced its joint venture with Tata Sons and Telestra Tradeplace in February 2013, four months after the then UPA government allowed up to 49 per cent FDI in domestic airlines by foreign carriers.
SpiceJet stock price
On June 16, 2014, SpiceJet closed at Rs 18.20, down Rs 0.5, or 2.67 percent. The 52-week high of the share was Rs 30.35 and the 52-week low was Rs 12.50.
The latest book value of the company is Rs -22.24 per share. At current value, the price-to-book value of the company was -0.82.
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