Wednesday, October 24, 2012

Will foreigners save India's airlines?

India has risen in the past decade to become the world's fourth-largest economy, and together with its technology sector, one industry in particular has mirrored the nation's growth: aviation, according to International Business Times.
India's domestic aviation market has tripled in the past five years and, even as its growth rate has slowed this year, the number of passengers carried by domestic airlines rose 0.5 percent to 39.82 million during the January to August period, compared with a year earlier. India, long an underdog in commercial flying, is now the ninth-biggest civil aviation market in the world in terms of traffic.
The days of harrowing flights to crumbling airports in rickety Soviet-made airplanes are long gone. Now, the nation's airlines fly the newest Boeings and Airbuses, and flag carrier Air India is one of just a handful operating the Boeing 787, the most advanced jetliner in the world. No one in Europe, for example, does yet.
23/10/12 Satya Nagendra Padala/Press-Telegram
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