The International Air Transport Association (IATA) has called on the government of India to maximise the potential contribution of aviation to India’s development by addressing infrastructure constraints that limit growth and government policies that impose excessive costs on aviation.
Growth forecasts for India indicate a trebling of passenger demand by 2037, when some 500 million people are expected to fly to, from or within India.
Already aviation supports 7.5 million Indian jobs and INR30 billion. Global connectivity that only aviation can provide is a critical driver of all modern economies. The financial struggles of India’s airline industry put the stable development of connectivity at risk. And India’s carriers are suffering a "double-whammy" of steeply rising fuel costs and the decline in the value of the Indian rupee. The rise in fuel costs is particularly acute for Indian carriers for which fuel makes up 34 per cent of operating costs — well above the global average of 24 per cent.
"While it is easy to find Indian passengers who want to fly, it’s very difficult for airlines to make money in this market. India’s social and economic development needs airlines to be able to profitably accommodate growing demand. We must address infrastructure constraints that limit growth and government policies that deviate from global standards and drive up the cost of connectivity," said Alexandre de Juniac, IATA’s director general and ceo.
06/09/18 MICE BTN
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Growth forecasts for India indicate a trebling of passenger demand by 2037, when some 500 million people are expected to fly to, from or within India.
Already aviation supports 7.5 million Indian jobs and INR30 billion. Global connectivity that only aviation can provide is a critical driver of all modern economies. The financial struggles of India’s airline industry put the stable development of connectivity at risk. And India’s carriers are suffering a "double-whammy" of steeply rising fuel costs and the decline in the value of the Indian rupee. The rise in fuel costs is particularly acute for Indian carriers for which fuel makes up 34 per cent of operating costs — well above the global average of 24 per cent.
"While it is easy to find Indian passengers who want to fly, it’s very difficult for airlines to make money in this market. India’s social and economic development needs airlines to be able to profitably accommodate growing demand. We must address infrastructure constraints that limit growth and government policies that deviate from global standards and drive up the cost of connectivity," said Alexandre de Juniac, IATA’s director general and ceo.
06/09/18 MICE BTN
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