Fernandes Lures Tata Into Air With Low Fares

Fernandes Lures Tata Into Air With Low Fares

Kiyoshi Ota/Bloomberg

An AirAsia Japan Co. aircraft takes off in Narita City, Chiba Prefecture, Japan. AirAsia is among the 50 low-fare airlines that started in the Asia-Pacific region in the past decade to compete with full-service carriers as first-time travel surges in India, Indonesia and other developing economies.