Indian aviation industry still at risk, has not learnt lessons from two airline fails: CAPA

While the Indian aviation industry is struggling to bounce back after running into heavy losses due to the pandemic, aviation consultancy Centre for Asia Pacific Aviation (CAPA) said that Indian aviation industry has always presented higher risks than other major markets even during the pre-Covid era. This is due to a failure to solve structural issues since 2004, and this coupled with Covid-19 has resulted in seismic shifts in the industry. It also said Indian operators and all stakeholders are responsible for the absence of risk management.

According to the consultancy, risks remain high as the industry has not learnt key lessons from two major airline failures — Jet Airways and Kingfisher — in the last decade.

“Systems have not been implemented in the aftermath of these events to prevent further airline failures. All stakeholders are responsible for the absence of preventive risk management,” CAPA said.