In their conversations with investors, IndiGo officials highlighted local factors like the grounding of around 70 aircraft of a fleet of 350 due to issues with the Pratt and Whitney engines. This in turn has forced IndiGo to lease a large number of planes at a high cost. However, the plummeting bottomline draws attention to the serious challenges the aviation sector faces in the country.
Considering the rise in income levels and soaring air traffic, aviation should not be a troubled industry. Operational airports have doubled over the last decade to 157 in 2024.
This story is from the October 30, 2024 edition of The New Indian Express.
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This story is from the October 30, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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