AirAsia's group CEO Tony Fernandez is on a mission to India to sensitise and educate Indian policy makers about the airline's low cost model and ways to stimulate the Indian aviation sector. But India has a fair share of low cost airlines. Ask him this and he vehemently disagrees.
"There are no true low cost airlines in India," he says. Deccan Airways came closest to having the right model. It got its pricing right but failed in having the right cost structure.
"The aviation sector in India has not changed over the years. It has either remained stagnant or slid backwards. Look at how vibrant Indian economy is but the aviation sector has not grown," he points out.
He plans to share AirAsia's experience with the various state governments to stimulate the market in India.
29/06/13 N Madhavan/India Today
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