The first cost factor is fuel which we ahve less control. The second is the cost of airport. Here one can innovate.someone should innovate so that the passengers should be picked up and dropped in a small public ground.
Look at this: He puts in Rs 100 in Air deccan...make it popular by offering dearth cheap airfares and eventually makes it a Airline of the masses. He then sells off the same to KFA at lets say at Rs. 200.
Now, he is going to put Rs. 30 and buy his old aircrafts and crew...