Air travel has demand shortage: CAPA India
According to the aviation consultancy firm, only emergency and essential air travel is happening at present, which isn’t good news for Indian airlines.
According to the aviation consultancy firm, only emergency and essential air travel is happening at present, which isn’t good news for Indian airlines.
In 2014, the last time fuel prices were this high, a large airline was brought to the brink of a shutdown. Airlines are bleeding cash once again and the focus is sharply back on cutting costs.
He has also sought Karnataka High Court’s approval to sell frozen assets worth Rs 13,900 crore to repay dues.