Growth Path Clears For India’s Airlines
Air Transport Aviation Week & Space Technology Aug 23 , 2010 , p. 43 Neelam Mathews New Delhi As India’s airlines recover, new aircraft are ordered and opportunities arise Printed headline: Another Step Forward Resilient domestic demand is supporting a resumption of aircraft ordering by Indian airlines, a bounce-back after three years of distress. India’s airlines were among the most active in big fleet orders early in the decade, particularly in long-haul transports, and the market was a nursery for startups. But Indian carriers struggled with market overcapacity by the time the recession began gripping the industry in late 2008. The combination of their own over-reach, poor management and the industry’s doldrums prompted mergers—of Jet Airways and Air Sahara, Kingfisher Airlines and Air Deccan, Air India and Indian Airlines—and experiments in survival as budget carriers increasingly took market share from mainline airlines. In one experiment, full-service Kingfisher h...