The India venture of AirAsia has fueled a fare war in the country’s already bleeding aviation sector, raising fears of increasing financial distress and probable exit of a few cash-strapped airlines. AirAsia India started its operations on June 12, with an alluring promotional fare of 990 rupees ($17) for flights between high-tech hub Bengaluru and the popular coastal resort of Goa, tickets for which were sold off in minutes. The normal rate for a return ticket in this sector is around ...

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