Indian Billionaire Plans to Launch Low-Cost Carrier in an Already Tough Market

Dhiraj Singh  / Bloomberg

An aircraft operated by IndiGo, a unit of InterGlobe Aviation Ltd., prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India, on Monday, July 10, 2017. Indian billionaire Rakesh Jhunjhunwala wants to launch a new low-cost carrier to compete with Indigo in India. Dhiraj Singh / Bloomberg

Skift Take: With the pandemic gutting India’s low-cost carrier market, which already includes IndiGo, SpiceJet, GoFirst and AirAsia India, Rakesh Jhunjhunwala thinks a fresh start, a capital infusion, and new planes could be a competitive advantage. Hope springs eternal, as they say.

— Dennis Schaal

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