Aviation industry undergoing a tough time, says Civil Aviation Secretary

Kochi: Civil Aviation Secretary M Madhavan Nambiar on Friday said that the Aviation industry was going through a very difficult phase turning thousands of pilots and other specialized staff jobless in the country. Nambiar was addressing the Cochin International Airport Ltd (CIAL) aviation academy in Nedumbassery district.
The aviation sector has been hit by a slowing economy triggered by the global financial slowdown, reducing business and leisure journeys of most passengers. Also costlier oil, pushed up airfares last year, are sending many passengers to trains.
The Indian industry's woes have been highlighted by a slump in passengers and have hit losses around nine billion dollars in the year 2009.
Nambiar said that thousands of trained commercial pilots in India are still looking for jobs even if they have spent huge amounts of money to procure their licenses in the country.
26/09/09 ANI/Sify

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Categories: Indian Aviation- In General Sep 2009