Indian aviation flies into a perfect storm10 min read . Updated: 14 Jan 2020, 09:33 AM IST
- Due to mounting losses and pricing pressures, aviation is suddenly looking a lot like the spooked telecom sector
- Industry observers say high structural costs and mindless growth is hurting the sector. Indian aviation is at a crunch moment and any hike in airfares could hit already weak demand
NEW DELHI : When Iranian missiles slammed into US bases in Iraq last week in response to the killing of Iranian General Qasem Soleimani, airline executives in India were keenly following the fallout. They were on edge because a flare-up in crude oil prices—at a time when the Indian aviation industry is at a crucial crossroad—could signal not just deeper losses but also the potential shutdown of at least one leading private airline.
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