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25 May, 2013

For Indian carriers, season of new hope | The Hindu

Alliances with foreign carriers, a new revenue stream from “unbundling” services, and inducting newer and more efficient aircraft: the aviation industry in India is hoping for a turnaround after a few disastrous years.

Survival was first on the agenda for the major carriers which posted a total debt of over $13 billion. Air India, the government-owned carrier, managed to get a sugar-coated deal from its owner, which enables it to access capital of Rs.30,000 crore over a period of time. The private players looked for suitors.

Read the rest: For Indian carriers, season of new hope | The Hindu.