Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
Let Air India - that anyway flies very limited international routes, often bleeding profusely and makes huge losses on trunk routes - do this national service, says Anjuli Bhargava.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
Most airlines have fattened their profits, turned the corner, or cut their losses, except AirAsia India.
'The beautiful valleys dotted by standing trees, white rocks and gushing streams were an instant respite for our sleep-deprived eyes.'
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.
