AirAsia buffeted in India by price wars and stringent rules
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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 low as US$20, AirAsia aimed to capture huge chunks of tourism and holiday traffic from India's iconic but achingly slow trains.
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