New Delhi, Oct 17:
Hong Kong-based Cathay Pacific today asked India
to re-look into the “high” airport tariffs and said it has no plans to invest
in any Indian carrier.
“Airlines are working in wafer-thin margin and
such high airport charges were not going to help Indian aviation sector in
long-term view,” Tom Wright, General Manager - South Asia, Middle East and
Africa, Cathay Pacific said.
He said Indian airports are some of the most
expensive in the world and high airport charges were detrimental to the growth
of passenger traffic and hard on airlines struggling to maintain their margins.
Though buoyed by India’s passenger traffic
potential, Wright said Cathay Pacific had no plans to invest in domestic
carriers now as “our business model doesn’t allow for the same.”
The airline today announced its new business
class cabin and its new premium economy class cabin which the airline was going
to deploy on Delhi-Hong Kong route from October 29.
He said the airline was buoyant about passenger
traffic growth from India to several destinations like Hong Kong, China, South
Korea and Japan in the Far East and other places in Southeast Asia.
The airline would be flying to Kolkata with four
flights per week from November 2, 2012 with its sister concern Dragonair.
The airline would be entering Hyderabad with
four flights per week from December 2.
http://www.thehindubusinessline.com/industry-and-economy/logistics/no-plan-to-invest-in-indian-carrier-says-cathay/article4006436.ece?homepage=true
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