Talks on new Indian low-cost airline suspended

Victoria
By Victoria September 28, 2012 14:53

Talks on new Indian low-cost airline suspended

Air Deccan founder, G.R. Gopinath, and Indigo Partners have suspended talks to start a new low-cost airline in India following the passage of the FDI bill by the government allowing overseas carriers to invest in Indian airlines.

Both parties are now free to explore similar joint ventures with other potential partners. Gopinath has a business plan ready to launch a new carrier modelled on the Ryanair model and has already applied for an airline license from the aviation ministry, which has yet to be granted.

Victoria
By Victoria September 28, 2012 14:53
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