AirAsia's India venture to break even only in Dec

[BANGALORE] Malaysian-based budget carrier AirAsia Bhd said yesterday it expects its India unit to break even in December, later than initially planned, after a delay in plane deliveries and a plan to boost investment in the fleet.

The budget carrier, which launched its inaugural flight in India last month, had said it would break even around October.

Breaking-even would make AirAsia India stand out from all but one of India's big airlines, which have seen margins squeezed due to high costs and low fares.