Analysis - Troubling Trend
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.
AirAsia’s Indian LCC to launch in 4Q
AirAsia said its new Indian budget carrier—a joint venture between AirAsia Berhad and Tata Group—will launch by the fourth quarter, pending regulatory clearances.
Etihad, Jet Airways deal delayed
Abu Dhabi-based Etihad Airways, which was close to sealing a deal to acquire a 24% stake in India’s Jet Airways, is reportedly revising the planned agreement.
Airlines contend with big jump in Mumbai airport charges
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.
SpiceJet reverses losses in 3Q
Indian low-cost carrier SpiceJet posted a third-quarter net profit of INR1.02 billion ($18.97 million) in the October-December 2012 period.
Seeing Red
India’s carriers are hobbled in their attempts to stop the financial bleeding despite a burgeoning market demand for air travel
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