IndiGo promoter Rahul Bhatia and his agency were clear about their goal: IndiGo would be the third cool international budget carrier.
However, experts sound a word of caution, recruiters would have been suitably chastised and their hiring plans will be fuelled more by pragmatism than optimism.
Airline chiefs, told DGCA that implementation of the order would be tantamount to regulation of airfares, something which govt has ruled out.
AirAsia, the hugely successful low-fare airline promoted by Malaysian billionaire Tony Fernandes, needs a raft of clearances from the government.
The Malaysian budget airline will start fares at Rs 999 for flyers wanting to book months in advance and hopes to make early booking a regular habit.
Malaysia-based AirAsia is Asia’s largest budget airline, and rejection of its proposal would have immediately fed into the narrative that India was a hard place to do business in.
Prime Minister Manmohan Singh will be visiting Abu Dhabi later this month to discuss, among other things, an investment protection treaty between the two countries.
In the backdrop of Malaysian budget carrier AirAsia planning to set up an airline in India in partnership with Tata Sons, Ratan Tata, former chairman of the salt-to-software conglomerate met civil aviation minister Ajit Singh Friday.
Government today provided a plan outlay of Rs 5,000 crore for Air India in the next financial year.
The Economic Survey has expressed optimism about ailing national carrier Air India's recovery saying that the company will turn EBITDA positive in the current financial year.
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