AirAsia India had recently gone through some "unfortunate incidents", but was able to put everything behind it, Sunil Bhaskaran, the CEO of the company, said on Tuesday.
In May last year, the CBI had registered a case against AirAsia Group CEO Tony Fernandes, Tata Trusts Managing Trustee R Venkataramanan and other executives for allegedly trying to manipulate government policies through corrupt means to get international licence for the airline.
"If you look at the recent history of Air Asia, we have gone through some unfortunate incidents, issues which are not really comforting for any company. We have had the company without a CEO for six months.
"We had other issues in the past, because of which there had been a sense of uncertainty. But I think that is all behind us," Bhaskaran said at the CAPA India Aviation Summit 2019 here.
AirAsia India is a joint venture between the Tata Group, which owns 51 per cent stake, and Malaysia's AirAsia Berhad.
Bhaskaran was appointed the chief executive officer (CEO) of the airline in October last year. Till this appointment, he was working in Tata Steel as vice president (corporate services).
Regarding pricing, he said, "It is a component of the market, it is for the best of the consumer and in the long run, it will find its own level. It is like any industry, which goes through its ups and downs.
"In terms of pricing, I think it is a market dynamic and nobody can control it.... From outside, it looks like there is a lack of discipline. The financials of most airlines have not been positive, but there are some airlines whose financials have been particularly bad, probably skewing the pricing and the price culture in the market."
Discussing the company's growth plans, Bhaskaran said, "In terms of growth, we are hoping to have six aircraft in the next 12 months. We are looking at rationalising our entire network.... There is this huge issue of airports and slots, we will see how best we can perform."