India's airlines could save USD400 million this year on lower fuel prices: CAPA India Summit 3/4-Feb
India's beleaguered aviation industry is starting to see signs that could possibly 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 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, and recent actions by the Ministry of Civil Aviation which suggest that it is seeking to play a more enabling role. India's aviation system may at last be coming of age.
CAPA will convene an India Aviation Summit in Mumbai on 3/4-Feb-2015.
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