Investors Shun Struggling Indian Air Transport Sector(Filed from KL- AAPA Assembly in Nov)
AIN AIR TRANSPORT PERSPECTIVE » DECEMBER 10, 2012 by NEELAM MATHEWS The failure of Kingfisher Airlines to meet deadlines for repaying debts accounts for one of several factors that have discouraged investment in India’s air transport sector. (Photo: Neelam Mathews) December 10, 2012, 10:00 AM Policy-making paralysis over much-needed reforms and liquidity concerns raised by the grounding of Kingfisher Airlines has deterred investors, vendors, lessors and suppliers from doing business in India’s air transport sector, according to delegates attending last month’s Asia-Pacific Airlines Association Assembly of Presidents in Kuala Lumpur. “Airlines in India are scared of rising fuel prices and airport charges, and are waiting for the regulatory environment to pan out,” a senior AAPA airline executive told AIN , speaking on condition of anonymity. “Besides, we do not expect much to move in India until t...