We Indians get sentimental about anything & everything! Both 'premium' & 'no-frills' are tried & tested business models, and there is no reason an industrialist as savvy as Vijay Mallya cannot pull off both in a high growth market like India. As for Cpt. Gopinath's dream, nobody has stopped him from using the pay-out from this deal as seed capital for a new airline. Then it'll be 'New Deccan' vs. 'Kingfisher Lite', let the best airline win!
