Geneva: India, China and Latin America would continue to lead the growth next year in the global aviation industry which would improve its profit from USD 6.7 billion to an estimated USD 8.4 billion, IATA said on Thursday.
While Chinese domestic market continues to expand "very strongly" despite a slowdown earlier this year, the Indian market by contrast went into a "sharp reverse" in 2012 following the problems faced by Kingfisher AirlinesBSE 4.98 % and the slowdown in the Indian economy, the top brass of the International Air Transport Association (IATA) said here.
IATA officials were critical of India on issues relating to the privatisation of airports in Delhi leading to high airport charges as well as taxation.
"India, for example, developed Delhi into a first class hub airport with the participation of private partners. The facilities are great.
13/12/12 PTI/Economic Times
