Indian airline tycoon Rahul Bhatia, little known outside India, has created a big splash in the aviation world.

FORBES: Indian high flier's mega deal

In 2009, he set up and co-owns the AirAsia Asean Basketball League with Malaysian airline tycoon Tony Fernandes, meant to promote the sport of basketball across the region.

FORBES: Move up http://i.forbesimg.com t Move down

"Given the sheer size of India and its booming economy it should be on the Formula One calendar, " declared Dr Vijay Mallya, Kingfisher airline and beer tycoon, and owner of the Force India F1 team.

CNN: F1 turns to India as a force for the future

Founded by Aristotle Onassis, the shipping tycoon who sold it to the state in 1975 after it started to lose money, the airline has since been cosy with the Socialists.

ECONOMIST: Greece