One or two Indian airlines may disappear: Richard Branson

How do you introduce a man who has started his first business venture when he was just 16, create over 400 different companies and tried to travel the world in a hot air balloon? I won't even bother attempting to introduce him because anything that I say will sound cliché and perhaps a tad boring. CNBC-TV18 welcomes you to meet Richard Branson on this edition of Young Turks.

Below is the edited transcript of his interview to CNBC-TV18.

Q: Are you planning to buy any Indian aviation company, now with changed rules? Are you going to be the white knight that comes in and saves any of our beleaguered Indian airline companies?

A: Not immediately. From tomorrow, we will start London-Mumbai flights. We are already present on the Delhi-London route. Currently, there is an over capacity in the Indian aviation market which is hurting all the airlines. Sadly, it looks like one or two airline may die. As the rules have changed now we might partner up with someone.

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