Current and future state of the aviation industry looks promising: CMD, SpiceJet
Kathryn Kannampuzha | Mumbai
India is the fastest growing economies in the world. The Indian aviation industry too, is marked for a rapid growth of about 20% in the coming years. There will be an increase in the number of airlines as future will see a visible shift from trains to planes, highlighted Ajay Singh, Chairman and Managing Director of SpiceJet while speaking at the CAPA India Aviation Summit 2018 and the CAPA India Airport and Airspace Summit 2018. The event was held in Mumbai at The Leela Hotels from January 30-February 1.
There are many airports in India, especially in the tier-II and III cities which are unused. Indian Aviation industry needs to look at these markets aggressively and should ensure the unutilised routes in a profitable manner, he advised.
Talking about privatisation of Air India, Singh was of the opinion that it is good if Air India gets privatised as the red tape is a huge challenge. Going through the tender process, for any airline, is very difficult as airlines cannot work that way. He said that the government should either allow Air India to work on its own or sell it to a private party.