Monday, June 02, 2014

IATA wants Modi Govt to slash taxes, airport charges

Doha:   Prime Minister Narendra Modi has another admirer. But this time, the admiration comes with a request — to allow Gulf-based carriers more flying rights.
The CEO of Qatar Airways, Akbar Al Baker, said he was touched by Modi’s speech after he was sworn in, when he said that “if each Indian takes one step forward, that will be 1.2 billion steps”.
For the aviation industry in India, the potential is so huge that even if you allot capacity to every airline that is applying to fly to India, you will still have load factors in excess of 80 per cent, said Al Baker, who is also President of the 70th IATA assembly here.
Al Baker urged the Modi Government to look at aviation as a very important tool to generate economic growth because it is “only aviation that will bring you trade and tourism, which in turn will bring more employment and economic prosperity for the Indian people, who have up to now been deprived of economic opportunities. I hope this is a very strong message to whoever is listening.”
02/06/14 Shishir Sinha/Business Line
To Read the News in full at Source, Click the Headline