Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
'The beautiful valleys dotted by standing trees, white rocks and gushing streams were an instant respite for our sleep-deprived eyes.'
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
Parekh said divestment can unlock huge funds.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
Vistara has fine-tuned strategies to tap the elite class and Jet Airways may lose out on market share in times to come.
The project is awaiting clearances from the DGCA.
This was good enough for Fernandes to hire Chandilya to lead his India business.
Given the cost structure in the country, it won't be easy for AirAsia to offer 'Nano' fares and still make money.
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