AirAsia India, the first airline with foreign investment to operate in India, is set to start flights on Thursday. The airline has been set up by one of Asias biggest low-cost carriers, AirAsia, and Indias Tata Group. The carriers promise to become the lowest-cost airline in India has triggered a fresh price war in the sector. Most of Indias domestic airlines have been mired in losses owing to high fuel costs and intense price competition. Only one of Indias six main carriers, IndiGo, has been making profits in recent years. bbc/news/business-27807144?OCID=fbbbcindia
Posted on: Thu, 12 Jun 2014 10:00:00 +0000
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