IATA DG and CEO Giovanni Bisignani said yesterday that India's airlines could collectively lose as much as $1.5 billion in 2008 and called on the nation to take "urgent action. . .to help Indian carriers weather the perfect storm of high costs and falling demand." Speaking in New Delhi to the Confederation of Indian Industry, Bisignani noted that commercial air traffic growth in India has slowed dramatically this year, rising 7.5% in the first six months of 2008 compared to growth of 33% for ...

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