Bangalore: Mounting losses apart, the year 2013 has been one of the more interesting years for the civil aviation in India. With three major deals — Jet-Etihad, Air Asia and Tata-Singapore Airlines — the capacity expansion in the Indian skies will prove beneficial to the ailing sector.
However, all is not well and good as major domestic players have reported mounting losses amid increase in taxes and ATF (aviation turbine fuel) prices among other operational expenses.
Interestingly, carriers have started to connect Tier II and III cities to major domestic and international destinations promoting flying as a viable mode of transport.
Malaysia-based low cost carrier, AirAsia decided to enter Indian skies by joing hands with Tata and Telstra Tradeplace. Tata also entered into a JV with Singapore International Airlines to launch a full-fledged carrier. This, along with increased flights and seats offered by Jet Airways and Etihad will increase competition and may result in bringing down existing high cost of flying.
Read news in full 27/12/13 New Indian Express
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