AirAsia India, whose top officials have promised to offer low and competitive airfares, will focus on connecting tier-II cities.
Jet Airways shares fall as much as 13.6 per cent after media reported that the deal with Etihad may be called off.
The Gulf carrier could pay up to $330 million for a 24 percent stake.
Jet Airways returns to profit after seven straight quarterly losses
The company solf the frequent flyer business.
Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.
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