For Boeing, losses in Indian aviation sector a concern

By agencies   |   Thursday, 31 August 2006, 07:00 Hrs
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NEW DELHI: U.S. aircraft maker Boeing today said if Indian carriers continues to make losses, it will lead to a potential disaster.

Boeing Senior President (commercial planes-sales) Dinesh A. Keskar said, “The losses in the Indian aviation industry is a cause for concern. It needs to be checked otherwise that will be a potential disaster for the industry,”

Though the industry is expected to grow by 20 percent over next few years, cut throat competition and high fuel prices is bleeding them.

Keskar said due to continues losses airlines would merge. “In the next 12 months there could be consolidation,” he said.

He said Indian carriers have to increase fuel surcharges and find out ways of selling seats at differential prices so that low yields from cheaper ones could be offset by those from the higher priced seats.

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