Mumbai: Virgin Atlantic chief Sir Richard Branson thinks that the Indian skies are quite tough now. “There is over-capacity in the domestic sector. Indian aviation companies are bravely facing the challenges. We will, at present, wait and see. If we see an obvious opportunity, we will invest.”
On recent policy reforms in the aviation sector, Branson said, “India will benefit from the free open market and FDI coming in.
Virgin Atlantic will invest more than £300 million for better seats, a ‘futuristic’ bar, and in-flight entertainment customised for Indian travelers on the London-Mumbai/Delhi sector.
The investment will also create 140 jobs in India and the UK.
The airline had closed down its Mumbai operations three years ago, but continued to operate to Delhi. The Mumbai services will re-start from October 28.
26/10/12 Business Line
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On recent policy reforms in the aviation sector, Branson said, “India will benefit from the free open market and FDI coming in.
Virgin Atlantic will invest more than £300 million for better seats, a ‘futuristic’ bar, and in-flight entertainment customised for Indian travelers on the London-Mumbai/Delhi sector.
The investment will also create 140 jobs in India and the UK.
The airline had closed down its Mumbai operations three years ago, but continued to operate to Delhi. The Mumbai services will re-start from October 28.
26/10/12 Business Line
