India’s civil aviation sector grows by 22 per cent

July 27th, 2010 - 8:04 pm ICT by IANS  

London, July 27 (IANS) India’s civil aviation sector has grown by 22 per cent in the first six months of this year, according to Boeing India President Dinesh Keskar.
Keskar said the growth rate from January to June varied between 19 to 25 per cent, averaging a healthy 22 per cent, and that this rate was likely to continue over the rest of 2010.

India Strategic magazine quoted Keskar as saying during the just-concluded Farnborough Air Show here that load factors had already gone up with a majority of the flights in India going full. Coupled with that, the airlines had increased their fares by about 15 per cent, and that had yielded net profitability to them for the first time in two years.

“Cumulatively speaking, every body is net-plus,” India Strategic quoted him as saying in its coming issue.

Boeing will release its annual aviation forecast for India in August, said Keskar.

Related Stories

Tags: , , , , , , , , , ,

Posted in Business |