Virgin Atlantic (VS, London Heathrow) founder and magnate, Richard Branson, has revealed that his group is now actively considering launching an Indian subsidiary using the carrier’s Australia, Virgin Australia (VA, Brisbane International), and US, Virgin America (San Francisco), operations as a model. The move comes after in 2012, the Indian government revised legislation permitting foreign airlines to hold up to 49% equity in Indian carriers except for Air India (AI, Delhi International). Speaking to Indian news outlet Livemint, Branson said that in light of the recent launch of Virgin Atlantic flights from London Heathrow to Delhi International and Mumbai International, Virgin viewed the Indian market as having great potential, but would not go the classic LCC route, rather offering “a low-cost airline albeit with a good quality business class” product too.