Aviation sector revival by 2011: Praful Patel

Nagpur: Aviation sector all over the world has suffered setbacks in 2008-2009 due to global recession, fuel prices and load factor but it will be revived by 2011, Union Civil Aviation Minister Praful Patel said on Monday.
"There was a drop of 30 per cent in passenger load factor leading to losses in many top airlines in the world including British Airways. But last quarter of 2009 has again raised some hopes of revival in the country," Patel told reporters here on Monday.
The bad patch is almost over and we are looking forward to make up now, he said. Asked about the Parliamentary Committee's remarks stating that the decision to merge national carriers Air India and
Indian Airlines was taken in haste, Patel said "Its a baseless story. My ministry has already issued a clarification on the same day."
On the proposed Maintenance Repair Overhaul (MRO), facilities of aircraft manufacturing major Boeing in city, Patel said the company was in the process of setting up USD 100 million project soon.
01/02/10 Press Trust of India/NDTV.com

To Read the News in full at Source, Click the Headline

Categories: Indian Aviation- In General Feb 2010