Indian airlines currently are required to have a minimum fleet of five aircraft and five years of operational experience for starting international services.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
A financial turnaround with the Etihad partnership and debt restructuring has not fully materialised.
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.'
Vistara has fine-tuned strategies to tap the elite class and Jet Airways may lose out on market share in times to come.
Financial numbers can sometimes paint a rosy picture because of changes in the accounting policy or a one-time income.
The project is awaiting clearances from the DGCA.
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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