India is a fantastic potential market but taxation higher: IATA chief

India is a fantastic potential market for aviation but not a cheap market to operate as taxation is higher in the country than in many other places, international airlines’ grouping IATA’s chief Willie Walsh said on Tuesday.

During a media briefing here, Walsh also highlighted the scale of the economy and investments going into airports in India.

The International Air Transport Association (IATA) is a grouping of more than 300 airlines, including Air India, IndiGo and SpiceJet.

While responding to a query about a possible duopoly in the Indian airline market, Walsh said there is “plenty of scope for others (airlines) to compete in the market”.