India's aviation starts to sparkle again – and it could be for real this time! CAPA Outlook 2015

India's beleaguered aviation industry is starting to show signs that could mark the beginning of a structural turnaround in its fortunes. The sharp decline in fuel prices is a major source of relief in a market where aviation turbine fuel (ATF) is subject to some of the highest taxes in the world.

But other key contributors to the more positive outlook include an improving economic environment, firm yields due to moderate capacity growth, and recent actions by the Ministry of Civil Aviation suggest it is seeking to create a more enabling environment for the industry.

Overall the outlook for India's aviation industry is more positive than it has been for many years.

This CAPA Outlook 2015 is based on the global report contained in Airline Leader, Issue 26. This 92 page report embraces detailed outlooks for every world region, prepared by CAPA's world leading analysis team.