Retaining talented professionals a major concern for airlines

Mumbai: Indian aviation can attract foreign investors provided the right conditions are created, said Andrew Miller, CEO and principal consultant, CAPA (Centre for Asia Pacific Aviation) Consulting.
Miller believes that one of the major causes of worry is that though some airlines in India have expatriates as their top executives, retaining them is a big question. Miller was speaking on the sidelines of the 3rd Annual Indian Subcontinent and Middle East Aviation and Tourism Investor Summit in Mumbai on Monday.
Miller added that low cost carriers dominate the aviation market in India, which is not the case in any other market. The cost advantage for full service carriers is robbed from the aviation market.
Miller explained that allowing foreign investment is important, not only to bring in international expertise, but also because having this backing provides confidence to other potential investors. This would provide domestic operators including FSCs (full service carriers) and LCCs access to a long-term flow of capital from FIIs and other international institutions at competitive rates.
12/06/07 Financial Express

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Categories: General Aviation Jun 2007