By Dominic Lalk
The focus was on India this week in Asia-Pacific commercial aviation. At the International Aviation Summit in New Delhi, IATA urged the Indian government to update its aviation infrastructure and policies to meet demand growth. In the interim, New Delhi agreed to inject another US$140 million into embattled Air India, Jet Airways announced five new domestic routes, Vistara aims to cut costs and GoAir unveiled its maiden international destinations.
Also in the news, AirAsia Group cancelled the establishment of AirAsia China but reported a second quarter group net profit of US$76 million despite troubles at Indonesia AirAsia and Thai AirAsia. THAI this week welcomed Sumeth Damrongchaitham as its new president who must revise the carrier’s survival plan. Air China has sold its cargo unit for US$358 million and the Hainan Airlines Group announced a US$80 million first half profit and a new president.
IATA urges India to modernize its aviation industry policies Read More »