Aviation sector revival by 2011: Praful Patel
The aviation industry all over the world has suffered setbacks in 2008-09 due to global recession, fuel prices and load factor but it will be revived by 2011, Civil Aviation Minister Praful Patel said on Monday.
"There was a drop of 30 percent in passenger load factor leading to losses in many top airlines in the world including British Airways. But last quarter of 2009 has again raised some hopes of revival in the country," Patel told reporters here.
The bad patch is almost over and we are looking forward to make up now, he said.
Asked about the Parliamentary Committee's remarks stating that the decision to merge national carriers Air
On the proposed Maintenance Repair Overhaul (MRO), facilities of aircraft manufacturing major Boeing in city, Patel said the company was in the process of setting up USD 100 million project soon.
To a question, he said Air