Moneycontrol’s Shraddha Sharma talks to Corporate Bureau Chief Prince Thomas to find out why international airlines are making a beeline for India.
As for the risk factors, Joshi says high dividend payout is not a worry as the company has been generating good profits. Also, he expects crude prices to stay stable.
As the airlines struggle to stay profitable, domestic capacity is rapidly shifting to the low-cost model. But it seems that charging for meals and baggage aren‘t enough to offset higher fuel prices and a depreciating rupee.
Union Minister of Aviation Ajit Singh says, the biggest positives for the aviation sector is marked by two landmark pacts - Tata-Singapore Airlines and Jet-Etihad deals.