Indian aviation losses likely to fall to $0.5 bn next year

Mumbai: Indian aviation industry's losses are likely to contract next year to around $0.5 billion, down from $1.5 billion this year, a top industry official said on Wednesday.
"My prediction is that the Indian aviation industry is going from a $1.5 billion loss (this year) to $0.5 billion next year," Boeing (India) President Dinesh Keskar told reporters here.
Yesterday, the International Air Transport Association (IATA) had said the industry's losses next year globally would decline to $6 billion from this year's $11 billion.
The expected reduction in losses is an improvement, Keskar said, adding that India is contributing a lot to this.
On the delivery of Boeing-built Dreamliner 787 aircraft to India, Keskar said it was likely to take place in the second quarter of CY 11.
16/12/09 PTI/Economic Times

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Categories: Indian Aviation- In General Dec 2009