The $26.5-bn order for 250 A320Neo aircraft is the biggest-ever deal by number of planes for the French aerospace giant.
With share prices tumbling there are concerns among AirAsia staff that Fernandes was spending too much time away from the airline.
According to co-founder Ajay Singh, the revival plan would focus on strengthening finances and operational efficiency, among others.
These aircraft will allow IndiGo to retire its older aircraft and keep the average age of its fleet to around six years, helping to keep operating costs down.
Controlled by billionaire Kalanithi Maran's Sun Group, SpiceJet has slashed costs, overhauled its management team and is pursuing a strategy of heavily discounting advance sales to fill up seats.
The 19,500 staff of airline now face a new ordeal - a quarter of them may lose their jobs at the unprofitable airline, hit by two jet disasters this year.
The competition in full-service sector is heating up with no guarantees there will be enough passengers willing to pay higher prices to sustain three carriers in a market where low-fares dominate....
Sources familiar with the decision said the full-service carrier will take up to 20 A320s worth $1.83 billion at list prices. The planes will be sourced from leasing companies, rather than purchased d...
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