BusinessLufthansa Says Starting Local Airline In India A 'Misadventure'
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Lufthansa Says Starting Local Airline In India A 'Misadventure'
German carrier cites high jet fuel taxes, cost of operations in India
Lufthansa was earlier part of partnership that ran ModiLuft
Qatar Airways had weeks ago said it plans to start airline in India
Lufthansa was earlier part of a partnership that ran ModiLuft, which was grounded in 1996.
Deutsche Lufthansa AG said starting a domestic airline in India, the world's fastest growing aviation market, will be a "misadventure" because of high jet fuel taxes and the cost of operations.
Lufthansa's comments come weeks after Qatar Airways Ltd. said it plans to start an airline in India with as many as 100 planes, as the Gulf carrier looks for a bigger share of a market projected to sell half a billion domestic tickets in a de...