Doha: The International Air and Transport Association (IATA) has proposed to India’s new government to reduce taxes, restrain private airport operators from levying high charges and relax “excessive” regulations in the aviation industry to generate economic growth.
“You are a sleeping economic giant and you have great opportunities that very few countries have,” said Akbar Al Baker, Qatar Airways’ chief executive officer and president of the 70th IATA assembly held here yesterday.
“Unfortunately, the previous administration did not make full use of the hidden Indian potential,” Press Trust of India (PTI) quotes him as saying.
Akbar said the aviation industry in India has “such vast potential that if capacity was allocated to every airline applying to fly to India, you would still have load factors in excess of 80%.”
Read news in full 03/06/14 Free Malaysia Today
“You are a sleeping economic giant and you have great opportunities that very few countries have,” said Akbar Al Baker, Qatar Airways’ chief executive officer and president of the 70th IATA assembly held here yesterday.
“Unfortunately, the previous administration did not make full use of the hidden Indian potential,” Press Trust of India (PTI) quotes him as saying.
Akbar said the aviation industry in India has “such vast potential that if capacity was allocated to every airline applying to fly to India, you would still have load factors in excess of 80%.”
Read news in full 03/06/14 Free Malaysia Today
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