Despite the excitement in Indian and global aviation circles around the recent agreements inked by IndiGo and Air India to purchase a record number of aircraft – 500 and 470, respectively – from Airbus and Boeing, a sense of deep unease engulfs the industry. Almost all Indian airlines are bleeding red and struggling to stay afloat. With a stunning mortality rate, more than 30 airlines have gone belly-up in the last 30 years, many of which have been regional airlines. Unlike many sectors that go through cycles of boom and bust, the Indian aviation sector seems to be caught in the throes of headwinds and tailwinds at the same time.
Why is there such a unique situation, and how will the future play out in this state of paradox? Read >>
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