Air traffic growth imperiled - Peter Harbison
Opening the 2nd Annual Middle East and Indian Subcontinent Aviation & Tourism and Investor Summit in Mumbai, Harbison stated, “the growing oil price crisis sees the express train of demand growth coming into a lake of treacle as consumer demand slows, while fares rise. The express train is not yet stopped, but the slowing becomes unavoidable”.
“For Indian airports, there is no easy way to meet demand. The solution lies with Governments, at the Federal and State levels. They need to recognise that airport infrastructure is a CRISIS – not just a policy issues,” stated Mr Harbison.
The Centre’s 2nd Annual Middle East and Indian Subcontinent Aviation and Tourism Investor Summit, held in Mumbai, features high-level participants, including the Hon Shri Praful Patel, Minister for Civil Aviation.