India asked to cut tax, ensure capacity to help aviation sector

New Delhi: The International Air Transport Association (IATA) has asked India for action on reducing tax, ensuring capacity and keeping costs in check for the aviation industry.
In his keynote address to the Confederation of Indian Industry, IATA’s Director General and CEO, Mr Tony Tyler, said, “A bright future is at hand for Indian aviation if we can find common purpose among all stakeholders. India must not settle for a bronze medal in global aviation. If we can take deliberate action on a handful of critical issues – reducing taxes, ensuring capacity and keeping costs in check – a gold is entirely possible,” he said.
Mr Tyler said if critical problems were not comprehensively addressed, investors – foreign, domestic, aviation or otherwise – would be few. Turning his attention to Air India, he said that the airline was on “Government-provided life support of financial bailouts and other forms of protection”.
25/07/12 Business Line

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Categories: Foreign Jul 2012, Indian Aviation- In General Jul 2012