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India awards operating licence to Air Asia

Entry of budget carrier likely to spark price war
Friday, May 9, 2014 - 06:00

[NEW DELHI] AirAsia Bhd, the region's biggest budget airline, received an operating licence for its Indian venture as competition intensifies in one of the world's fastest growing air travel markets.AirAsia chief executive officer Tony Fernandes announced receipt of the permit on his Twitter Inc