Sunday, July 15, 2018

Developing airports like real estate biz doomed to fail

India needs a comprehensive aviation infrastructure plan as air traffic is booming but developing airports like real estate business is "doomed to fail", according to a top aviation professional.
The professional also said that privatisation of aviation infrastructure, including airports, is not always the solution.
In a wide-ranging interview to PTI, global airlines' body IATA's chief Alexandre de Juniac spoke about a host of issues, including India's civil aviation policy, infrastructure constraints, airport privatisation and Air India.
"Airports need to be developed first and foremost as a catalyst for economic development. That means putting the needs of aviation front and centre. Developing airports as real estate businesses is doomed to fail," de Juniac said.
15/07/18 PTI/Deccan Herald