Eye on Indian aviation

The International Air Transport Association (IATA) released a comprehensive report on India’s aviation market this week, which focuses on the challenges of realising the economic and social benefits of an Indian aviation industry that has tremendous potential for continued high-speed demand growth. Indian carriers are struggling once more to capitalise on this immense potential for sustained passenger traffic, with Jet Airways and Air India, failing to cut losses in the face of intense competition. India’s carriers are suffering a “double-whammy” of steeply rising fuel costs and the decline in the value of the Indian Rupee. The rise in fuel costs