Neelam Mathews
Nov 19, 2012
India’s flip flop on its ground handling policy in the
past year has hurt bottomlines including Turkey’s Celebi Ground Handling that came to India with real
high expectations.
Aerospace Diary learns results were disappointing margin wise for the seasonally strongest
period of the year. There was no expected recovery in India where the company
experienced 5% lower cargo volume, a 35% retreat in the number of aircraft
handled and a 19% year-on-year revenue contraction.
Improvements in Hungary and
Germany were unable to offset the poor recordings in Turkey and India
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