India’s airlines spend big but airports are lacking
| FEATURE |
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NEW DELHI — An upstart Indian carrier’s $15 billion order with Airbus is a bold bet on travel demand in the fast-growing country. But aging airports and over-ambition could yet clip the industry’s wings.
IndiGo, which was launched in 2005, on Wednesday stormed onto the international stage by announcing a deal for 180 new aircraft, the largest number of Airbus planes ever bought in a single order.
“We are putting our money where our mouth is,” IndiGo president Aditya Ghosh boasted after sealing the deal at Airbus headquarters in Toulouse, southwest France.
“If the country has to grow by 9 to 10 percent, the airline business has to be an equal partner,” he told the Mint daily newspaper. “There will be one or two years of up and down, but overall there will be only one direction.”.... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110116com3.html
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