Mar 02, 2012, 10.53 PM | Source: CNBC-TV18
The turbulence in the aviation sector has spared one airline - Indigo. The airline is continuing with its 2012 plan of adding nine new aircrafts.
President Aditya Ghosh tells CNBC-TV18 that while margins have obviously been impacted due to high ATF prices, he maintains that the airline was still churning out profits.
On the issue of FDI in aviation, Ghosh says, “Any avenue which brings in new technology, business and money will always be welcome.” According to him, it increases competition and keeps airlines of their toes. “My disconnect is with whether that will become the holy grail to success or profitability,” he explains. Ghosh does not have a particular view on FDI. “I would be more concerned about how an airline is run and how the industry or policies encourage two things – one, growth, the other – rewards and efficiency,” he says.
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