Indian airlines absorbing huge financial losses while the government seeks remedial measures
‚ÄúThere was a time when people at the airports admired us enviously. Today, they pity us.‚ÄĚ The candid words by a senior pilot of the state-owned Air India describe the sad plight of the airline industry in India. The high cost of operating commercial aviation in India is squeezing the lifeblood out of the airline sector, which is rated as the ninth-largest civil aviation market in the world. One of the major challenges is the high and growing debt burden of Indian carriers. Half of ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Financial Woes Haunt India‚Äôs Airlines".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.