In the worst-ever performance of any regional market in July, India’s domestic air traffic fell 1.1% compared to a year ago, according to IATA’s monthly traffic report. The figures are in sharp contrast to 2010 and early 2011, when the region was among the fastest growing in the world and enjoyed 20%-plus growth rates.
Indian airport regulator AERA (Airports Economic Regulatory Authority) approved a 154% increase in aeronautical charges for airlines operating to the city’s airport.
The new charges went into effect Feb. 1. For the first time, AERA has also allowed a user development fee, to be charged to passengers flying out of the city. The new charges are to partly compensate for the huge investments being made in redeveloping the airport.
Danish leasing company Nordic Aviation Capital announced today at the Paris Air Show a firm order for 30 ATR 72-600s and five ATR 42-500s, plus options for an additional 55 ATR -600 Series turboprops....More