CAPA India warns of Air India shutdown

Indian aviation facing its most uncertain phase

Air India shutdown annual outlook 2012-13 CAPA challenging 2013 Indian aviation uncertain phase

The Centre for Asia Pacific Aviation (CAPA)’s annual outlook for fiscal 2012-13, to be released at the end of this month, states that Indian aviation was facing its most uncertain phase in more than a decade. After reporting an estimated record loss of just over $2 billion in the year ended March 31, 2012, the country’s carriers were facing “an equally challenging year ahead”.     

Though CAPA has estimated that there will be 7-8 per cent domestic capacity growth in the coming year, it has cautioned that the government of India might have to temporarily shut down Air India for two-three months due to human resources issues.