Air India Express

Air India Express is an Indian low-cost airline headquartered in Kochi, Kerala. It is operated by Air India Express Limited (AIEL), a wholly owned subsidiary of Indian flag carrier airline Air India.[4] It operates around 649 flights per week to 33 destinations including the Middle East and Southeast Asia. The airline carries around 4.3 million passengers every year connecting 140 city pairs.[5]. Its secondary hub is in Kozhikode

Air India Express
IATA ICAO Callsign
IX AXB EXPRESS INDIA
Commenced operations29 April 2005 (2005-04-29)
HubsCochin International Airport
Secondary hubs
Fleet size25
Destinations33
Parent companyAir India
(Air India Limited)
HeadquartersAirlines House, Kochi, Kerala, India
Key people
  • Rajiv Bansal (Chairman)[1]
  • K Shyam Sundar (CEO)[2]
Revenue ₹36.2 billion (US$510 million) (FY 2017-18) [3]
Operating income₹4.73 billion (US$66 million) (FY 2017-18) [3]
Net income₹2.62 billion (US$37 million) (FY 2017-18) [3]
Profit₹5.05 billion (US$71 million) (FY 2017-18) [3]
Employees1,276 (as of 31 March 2018)[3]
Websitewww.airindiaexpress.in/en

History

Air India Express came into existence on 29 April 2005, with the launch of three flights that took off simultaneously from Thiruvananthapuram, Kochi and Kozhikode. The airline was launched as a low-cost carrier (LCC) with the objective of providing convenient connectivity, to short-haul international routes, in the Middle East and Southeast Asia for the Indian expatriate community. Air India Express was Air India's response to the growing popularity of LCCs worldwide and within the region. Being an LCC, the airline operates point-to-point flights with multiple hubs all over India.[6]

In December 2012, Air India ratified the proposal to move the headquarters to Kochi in January 2013 and for establishing a new MRO base at Thiruvananthapuram.[7][8]

Revenue

On 3 September 2016 the company announced that it had earned a net profit for the first time since its inception.[9] As per the accounts placed and approved by the airline's Board of Directors, the airline made a net profit of ₹361.68 crore (US$51 million) in FY 2015–16 against a loss of ₹ 61 crores registered in FY 2014–15. In the FY 2015–16, the airline witnessed a passenger load factor of 82.3% against 81.4% in the previous year, while average daily aircraft utilization rose to 11.3 hours from 10.8 hours. The airline carried around 2.80 million passengers against 2.62 million carried in the previous year.[10]

As per the accounts placed and approved by the airline's Board of Directors, Air India Express made a net profit of ₹296.7 crore (US$42 million) in FY 2016–17.[11] The revenues increased by 14% recording a total revenue of ₹3,335 crore (US$470 million) Average daily aircraft utilization rose to 12.2 hours from 11.3 hours. The capacity offered by the airline went up by 33%; the fleet size progressively increased from 17 to 23 aircraft; and the number of passengers carried increased by 22%, to 3.42 million from 2.8 million in 2015–16.[12]

On 9 November 2018, the airline posted a net profit of ₹262 crore (US$37 million), the third consecutive year that it reported a profit, and registering an operating profit for the previous five years.

Destinations
Main article: List of Air India Express destinations

Air India Express focuses on providing international flights from Tier II cities in India, to the Gulf and South East Asia. The airline flies to 33 destinations as of May 2019 with a primary hub located at Cochin International Airport in Kochi. [13][14][15]

On the domestic front, the airline operates from the states of Kerala, Delhi, Andhra Pradesh, Tamil Nadu and Maharashtra. In its international arena, the airline mainly connects South Indian cities with Gulf countries.

Codeshare agreements

Fleet
Air India Express Boeing 737-800

The Air India Express fleet consists of the following aircraft (as of January 2020):[17][18]

Air India Express Fleet
Aircraft In Service Orders Seating Capacity Notes
Boeing 737-800 25 — 186/189
Total 25 —

Accidents and incidents

On 22 May 2010, Air India Express Flight 812, a Boeing 737-800 (registered VT-AXV) flying on the Dubai–Mangalore route, overshot runway 24 on landing at Mangalore Airport, killing 152 passengers and 6 crew members of the 166 people on board. The aircraft crashed into a wooded valley at the end of the runway and burst into flames. There were only eight survivors.[19][20][21][22][23]

See also

References
  1. "IAS Pradeep Singh Kharola appointed new chairman of Air India". The Times of India. Retrieved 14 December 2017.
  2. "Air India Charters gets K Shyam Sundar as new CEO from March". Indian Express. Retrieved 28 March 2018.
  3. "Annual Report of Air India Express Limited" (PDF). Air India. 19 October 2019. p. 6.
  4. "Air India to achieve fiscal targets". The Hindu. Retrieved 1 July 2016.
  5. "About Air India Express". Air India Express. Retrieved 31 August 2018.
  6. "India's common man flies". The Asia Times Online. Retrieved 20 September 2016.
  7. Ramavarman, T. (14 December 2012). "Shifting of Air India Express headquarters to Kochi gets nod". The Times of India. Retrieved 5 February 2013.
  8. "Air India Express route scheduling from city soon". The Hindu. 7 January 2013. Retrieved 1 July 2016.
  9. "AI Express reports Rs 262 crore profit for FY18". The Times of India. Retrieved 9 November 2018.
  10. "Air India Express turns profitable for the first time". Economic Times. Retrieved 20 September 2016.
  11. "Air India Express clocks ₹297-cr profit in FY-17". The Hindu Business Line. Retrieved 1 July 2017.
  12. "Air India Express clocks net profit for second year". The Hindu. Retrieved 1 July 2017.
  13. "Summer timetable 2017: 26th March 2017 to 28th October 2017" (PDF). Air India Express. Archived from the original (PDF) on 18 September 2017. Retrieved 13 September 2017.
  14. "Madurai-Singapore flight service to start from September 15". Times of India. Retrieved 2 August 2017.
  15. "Air India Express airline profile". CAPA Centre for Aviation. Retrieved 13 September 2017.
  16. "Air India begins Air India Express codeshare partnership from Dec 2016". Airlineroute. Retrieved 6 December 2016.
  17. "Fleet Details of Air India Express". planespotter. Retrieved 21 June 2020.
  18. "Fleet Details". Air India. Retrieved 27 February 2019.
  19. "Jet crash kills 158 in India; 8 survive". 23 May 2010. Archived from the original on 24 May 2010. Retrieved 23 May 2010.
  20. "Indian official: 158 dead in Air India plane crash in Mangalore". BNO News. 22 May 2010. Retrieved 5 June 2016.
  21. "Air India flight from Dubai crashes in India". NBC News. 21 May 2010. Retrieved 5 June 2016.
  22. "Casualties feared in Air India crash". CNN. 22 May 2010. Retrieved 22 May 2010.
  23. "India plane crash in Mangalore leaves nearly 160 dead". BBC News. 22 May 2010. Retrieved 5 June 2016.

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