The solution for railways lay in understanding the strengths of the system,
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
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