India's civil aviation industry, which faced turbulence due to high operating costs in 2012, found some comfort this past year due to a slew of overseas investment deals that helped restore confidence in the sector.
"This has been a flat year with minimum growth. However, with the intent of the Tatas and AirAsia on entering the Indian market has definitely paved the way for future growth in the sector," Ankur Bhatia, executive director, Bird Group, told IANS.
"In 2014, we are looking forward for establishment of a civil aviation policy, rationalisation of taxes on jet fuel and growth in the regional aviation space," said Bhatia, who is also a member of the Confederation of Indian Industry's panel on civil aviation.
Abu Dhabi-based Etihad Airways became the first foreign carrier to invest in the Indian sector. It bought a 24% stake in Jet Airways for Rs.2,069 crore ($380 million).
Read news in full 27/12/13 IANS/Business Standard
Saturday, 28 December 2013
Indian civil aviation finds comfort in overseas investment deals
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