Dubai crisis: Opportunity for Indian aviation sector

Hyderabad: The financial crisis in Dubai can be an opportunity for Indian Aviation Industry, Director General Airports Council International Angela Gittens said.
Dubai crisis may go in many directions. It may affect the economic front depending on the tie-ups with India. However, it can provide an opportunity to enhance and provide the aviation capacity outside the country, Gittens told PTI.
She suggested that India should take two steps forward when Dubai one step backward to have better aviation tie-ups. The ACI is predicting a two per cent rise in global aviation revenues by 2011 mostly complemented by India, China and Brazil.
USA and European countries are still flat. Rebound will start only in 2010, the ACI head said, adding this particular recession took longer time to subdue.
As much as USD 12 billion will be required for the Indian aviation industry to meet the demand by 2030, when the demand is going to double.
30/11/09 PTI/Economic Times

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Categories: Foreign Dec 2009, Indian Aviation- In General Dec 2009