New budget airline in India

Airline Industry Information, April 13, 2005

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

A software businessman said on Tuesday (12 April) that he will launch a budget airline for the Indian domestic market in August.

Air One has already leased two jets from Swiss International Air Lines and plans to lease another three before the end of 2006, said J. W. Lobo, the managing director of Air One Feeder Airline Pvt Ltd and also founder of Albertsons International Pvt Ltd, which sells embedded software.

Lobo claims that Air One will offer fares at 20% of the price of India's main operators, reported The Associated Press.

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