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AirAsia buffeted in India by price wars and stringent rules

Wednesday, June 24, 2015 - 05:50
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AirAsia is revising its strategy as it ended up with just one per cent of India's passenger market after its first year of operation.

New Delhi

WHEN the fast-growing Malaysian carrier AirAsia wanted to expand, India looked like the ideal frontier.

The country had hundreds of millions of potential first-time fliers, many in second and third-tier cities that have just a few flights a day. With one-way airfares as