India : Indian aviation sector set to shrink

Half of India’s airlines could disappear during the current financial downturn, according to a BBC News interview with Air India boss Raghu Menon. The chairman of the country’s flagship carrier, Air India, believes no more than four or five airlines will still exist once the downturn is over. “A process of further consolidation may take […]


Raghu Menon


Half of India’s airlines could disappear during the current financial downturn, according to a BBC News interview with Air India boss Raghu Menon. The chairman of the country’s flagship carrier, Air India, believes no more than four or five airlines will still exist once the downturn is over. “A process of further consolidation may take place,” he said, soon after rivals Jet Airways (India) and KingfisherAirlines, signed an alliance.