Air Asia CEO Tony Fernandes (L) addresses the media as Air Asia India CEO Mitu Chandilya looks on during a press conference in New Delhi on July 3, 2013. Over four months ago the Foreign Investment Promotion Board (FIPB) cleared a proposal for the setting up of a newairline, AirAsia India, by Malaysian carrier AirAsia which has joined hands with the Tata Group and Arun Bhatia of Telestra. AFP PHOTO/ Prakash SINGH        (Photo credit should read PRAKASH SINGH/AFP via Getty Images)