Fly with caution

With growth hitting a new low, the Indian aviation sector needs to tread carefully

Anjuli Bhargava

Jet Airways’ abrupt closure may have left many former employees of the airline jobless and many passengers, Jet loyalists and industry observers sad but for India’s aviation sector it has been a blessing in disguise whichever way one looks at it.  Had the airline not downed shutters, I shudder to think what would have happened to the sector as growth in the first half of this year fell to single digit. CAPA has just revised its traffic forecast for the year and expects the year on year traffic growth to be less than 5 per cent. This too is based on an assumption of ...