AirAsia India’s inaugural flight takes off


AirAsia Bhd’s Indian joint venture launched its debut flight on Thursday, promising the budget airline would buck the trend of accelerating losses that is hurting rivals and break-even around October.

High costs, low fares and a highly competitive market have left all but one of India’s big airlines losing cash. Jet AirwaysBSE -0.13 % Ltd and SpiceJet LtdBSE -2.93 % last month reported record losses as a price war intensified.

But Chief Executive Mittu Chandilya believes his airline can break-even “in four months”.

Read more at Economic Times


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