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LOSSES IN INDIAN AVIATION SECTOR A POTENTIAL DISASTER: BOEING.
NEW DELHI, Sept 1 Asia Pulse - Expressing concern over the losses incurred by the Indian aviation industry, US aircraft major Boeing has cautioned that this could lead to a "potential disaster" if it went unchecked.
"The losses in the Indian aviation industry is a cause for concern. It needs to be checked otherwise that will be a potential disaster for the industry," Boeing's' Senior Vice President (Sales commercial planes) Dinesh A Keskar said here.
He said India's low cost carriers faced pressures on yields per passenger due to low fares and high fuel prices.
Despite a sudden growth in passenger traffic and a projected growth of about 20 per cent in the next four-five years, the Indian civil aviation sector has seen many ...
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Source: HighBeam Research, LOSSES IN INDIAN AVIATION SECTOR A POTENTIAL DISASTER: BOEING.