One wintry day in 2007, Vijay Mallya, arguably the Indian billionaire with the most panache, decided to leave behind his personal Airbus Corporate Jet to fly an up-and-coming low-cost airline from New Delhi. It was only after the chairman of Kingfisher Airlines, billed India’s only five-star airline, had settled into seat 12D, in the emergency row, and the Mumbai-bound plane was in the air that the low-cost airline’s CEO was informed that a rival was on the flight…click here to read ahead
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