A Call for Strong Players in India's Aviation Sector
Former Civil Aviation Minister Praful Patel warns against new, inexperienced airlines in India's aviation industry. Emphasizing the need for well-established, capital-rich players, Patel highlights the challenges of the sector and mentions recent approvals for three new carriers while stressing the importance of sustainable players like IndiGo.
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- India
Former Civil Aviation Minister Praful Patel warned against 'fly-by-night' operators entering India's aviation sector, emphasizing the need for established, high-capital players to navigate the industry's financial challenges.
Reiterating the country's lack of restrictions on new airlines, Patel highlighted the capital-intensive nature of the business, requiring enduring commitment.
His remarks followed recent Ministry approvals for carriers like Shankh Air, calling for substantial players akin to Tatas, who entered with Air India.
(With inputs from agencies.)
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