India's aviation industry is in the doldrums.
And even as Civil Aviation Minister Praful Patel inaugurated 'India Aviation 2008,' the four-day, first of its kind exhibition on the civil aviation sector in India, at Begumpet Airport in Hyderabad on Wednesday, the order of the day in the industry seems to be jobs cuts, cost cuts, cry for bailout packages, consolidation, etc.
The exhibition has been organised by the Union Ministry of Civil Aviation and the Federation of Indian Chambers of Commerce & Industry from October 15-18, 2008. But it couldn't have come at a worse time for the sector.
The bosses of all top airlines are meeting in Hyderabad to discuss the challenges that the industry is facing: dropping passenger demand, high cost of aviation fuel, high taxes, rate-cuts by the competition making airfares uneconomical, etc.
Image: India Aviation 2008 opening ceremony saw a spectacular fly-past by Surya Kiran and Sarang helicopters from Indian Air Force. | Photograph: Snaps India
Also read: Meltdown: Thousands of jobs to go globally!
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