Indian aviation spinning out of control; fare war slams yield by 50%
India’s airline industry appears set for another crisis this year, if the fierce fare war, launched by the country’s full service airlines at the start of Jan-09, extends for much longer. In this Perspective, The Centre for Asia Pacific Aviation’s (CAPA) CEO Indian Subcontinent & Middle East, Kapil Kaul, reviews the current landscape and outlook for the remainder of 2008.
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