Surprising that the "biggest" of the proposed start ups havent yet made top the list.
Delhi based INDIGO (different from both Indus and Go who are different) had made som e news with a "100" A320 order at Paris this year. Unlike many other airlines whose promoters range from vanilla farmers to textile barons not to speak of the beer industry, these guys have some pedigree- Indian partner is Interglobe, for long established in the travel trade in India, also has Rakesh Gangwal of US Airways/World span fame and they just announced the appointment of another US airways top man as the head.
Rumoured to start end of this year or early next year.
Also heard "East West" wich was one of the casualities of the first indian boom on the 1990s are now trying to start again - ofcourse there is a question of some "unpaid money" to the Indian airport authorities as well as the fel suppliers, which they are reportedly trying to clear.
"Visa Airways" - Dont tell me these guys are still trying to float/ Rumours for quite a few years now - at one pointt they even had their schedules loaded in OAG.