India's flight travel market has long since been overdue for change. You easily recognize this by stopping in New Delhi Airport. The Economist has more:

"The skies too are being opened. Foreign airlines are to get more slots at Indian airports; British airlines 40 a week instead of 19 now. India's two main private-sector airlines, Jet Airways and Air Sahara, will be able to fly abroad, which compensates them for accepting competition at home from no-frills Air Deccan and other possible new operators. Deccan, launched 15 months ago, now has 74 flights a day to 24 destinations and is raising $50m-60m of private equity. Jet, which carried 44% of India's 15m domestic passengers last year, is cutting costs and prices in response."

Not bad - seems to be good money in the play for potentially Asia's second largest travel market.