India's Wadia Group Plans Low-Cost Airline (WJLA-TV Washington D.C.)

BANGALORE, India (AP) - Indian industrial conglomerate Wadia group, best known for its textile brand Bombay Dyeing, will launch a low-cost airline in October and is in talks with Airbus and Boeing Co. to buy 50 new jets over the next five to seven years, an official said Friday.The new carrier, GoAir, will operate with up to 22 used Airbus A-320 planes for the first two years, when deliveries of