New Delhi: Hong Kong-based Cathay Pacific today asked India to relook into the "high" airport tariffs and said it has no plans to invest in any Indian carrier.
"Airlines are working in wafer-thin margin and such high airport charges were not going to help Indian aviation sector in long-term view," Tom Wright, General Manager, South Asia, Middle East and Africa, told reporters.
He said Indian airports are some of the most expensive in the world and high airport charges were detrimental to the growth of passenger traffic and hard on airlines struggling to maintain their margins.
Though bouyed by India's passenger traffic potential, Wright said Cathay Pacific had no plans to invest in domestic carriers now as "our business model doesn't allow for the same."
17/10/12 PTI/Economic Times
To Read the News in full at Source, Click the Headline
"Airlines are working in wafer-thin margin and such high airport charges were not going to help Indian aviation sector in long-term view," Tom Wright, General Manager, South Asia, Middle East and Africa, told reporters.
He said Indian airports are some of the most expensive in the world and high airport charges were detrimental to the growth of passenger traffic and hard on airlines struggling to maintain their margins.
Though bouyed by India's passenger traffic potential, Wright said Cathay Pacific had no plans to invest in domestic carriers now as "our business model doesn't allow for the same."
17/10/12 PTI/Economic Times
