India’s aviation sector is dominated by low-cost carriers such as IndiGo and SpiceJet but Niyant Maru, chief financial officer of India’s newest airline Vistara, says there is room for growth in the full-service carrier segment as increasing prosperity leads to demand for quality in-flight services.
It’s not every day that India makes such a dramatic move as raising diesel prices, or allowing foreign direct investment in its debt-walloped passenger airlines. It’s certainly not every day that it caps this 24-hour period by allowing foreign investment in retail businesses.
Europe-bound passengers were still stranded at New Delhi’s Indira Gandhi airport on Tuesday, five days after European airports were cut off from the rest of the world by a huge volcanic ash cloud. Some of the affected travellers spoke to Reuters at the airport about their desperate efforts to get home.