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In India, there is no single low-cost carrier in its true sense P.R. Sanjai 01:27 AM \| October 16,2008 Tony Fernandes, group CEO of AirAsia Berhad, Malaysia’s first low-cost or discount airline, says that his airline has little to fear from the global economic uncertainty FIND MORE ARTICLES ON: Low-cost carrier AirAsia Berhad Tony Fernandez Global slowdown Cost-cutting Kingfisher Airlines