A few years ago, here in India, the “low cost” airline made headlines every day. Here was a new business with ripe pickings, everyone said as one company after another joined the fray. They based their investments on a growing population with high aspirations. The first time flier increased by leaps and bounds. Many a story went around about how the hick behaved on his/her first flight. The traffic at the airports for domestic flights ballooned month after month.- and I am not just talking of the motor traffic which led to perpetual jams outside these airports. Everyone seemed to be happy- the airlines, the passengers and the Government which got its share of the kitty through taxes.