Golden age for Indian aviation sector; fundamentals strong: IndiGo chief

With strong fundamentals, India’s civil aviation sector is in its “golden age” and there is also healthy competition among domestic carriers, IndiGo CEO Ronojoy Dutta has said.

Interestingly, the country’s civil aviation sector has been experiencing lower growth in traffic compared to previous years and there has also been softness in fares in October, according to industry experts.

The traffic grew just 1.18 per cent in September, as per the latest available official data. IndiGo, owned by InterGlobe Aviation, is the country’s largest airline with a market share of 48.2 per cent in September. While acknowledging that there are problems, including high taxes on jet fuel, Dutta said there are huge opportunities going forward.