Word: kaul
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Dates: during 2000-2009
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...entire industry, according to the International Air Transport Association. Weighed down by overcapacity, debt and the government's refusal to provide bailouts, Indian carriers are being forced to slash their operations and reduce ticket prices. "Indian aviation is undergoing a regime change in just four years," says Kapil Kaul, chief executive officer the Center for Asia Pacific Aviation, a New Delhi-based research firm. (Read Indian business news here...
...owned Air India, and private players Jet Airways and Kingfisher - are trying to attract more passengers by turning their full-service domestic fleets into budget businesses. In January, India's budget airlines fleet totaled 75 jets, compared with 120 full-service planes. The Center for Asia Pacific Aviation's Kaul reckons that by the end of the year, the skies will be dominated by up to 160 low-fare jets as companies switch to budget operations. (Read "Flying India's Unfriendly Skies...
...Indian Airlines. Meanwhile, Jet Airways, the country's largest full-service carrier, is buying rival Air Sahara for $340 million and, perhaps more important, more gates at congested airports. The mergers are "an attempt by players to basically get some kind of stability into the market," says Kapil Kaul, New Delhi--based CEO for India and the Middle East at CAPA. "What we're seeing now is sanity beginning to prevail...
Further consolidation is likely. India, which has 13 airlines today, will eventually have just two or three full-service carriers and three or four budget airlines, predicts Kaul. Their health may depend on how quickly planned airport improvements are completed. A new airport is scheduled to open in Bangalore next year; work is also under way on new terminals in New Delhi and Mumbai (formerly Bombay), with completion set for 2010 and 2012, respectively. The improvements can't come soon enough for travelers like Mehta. "We've got all these new planes and flights," says Mehta. "Finally they're starting...
...Further consolidation is likely. India, which has 13 airlines today, will eventually have just two or three full-service carriers and three or four budget airlines, predicts Kaul of CAPA. Their health may depend on how quickly planned airport improvements are completed. A new airport is scheduled to open in Bangalore next year; work is also underway on new terminals in New Delhi and Mumbai (formerly Bombay) with completion set for 2010 and 2012 respectively. These improvements can't come soon enough for travelers like Mehta, the New Delhi interior designer. "We've got all these new planes and flights...