Indian aviation market facing very tough competition; cost environment unfavourable: IATA
Seoul-Indian airlines are facing very tough competition and the cost environment too is not in their favour, IATA chief Alexandre de Juniac has said, amid more than 25-year-old Jet AirwaysNSE -4.54 % shuttering operations.
India was one of the fastest growing domestic aviation markets in the world but growth turned negative in April mainly on account of Jet Airways crisis.
To a query on what could have gone wrong for Jet Airways, de Juniac said, in India full service airlines are facing some difficulties while low cost carriers are doing a little better.
Currently, India has two operational full service carriers Air India and Vistara. The latter expects to start international operations in the second half of 2019.
