Rising crude oil prices are worrying Indian aviation CEOs. Hyderabad hosted the World Aviation Summit titled “Wings India 2022”.
Various topics were discussed in the civil aviation sector and the most important among them was the sharp rise in oil prices, which is hurting the aviation sector where 35-40% of the cost is spent on fuel.
Admittedly, the sector is worried about oil prices on the one hand, but the sector is equally optimistic about the strong recovery in demand in the civil aviation sector.
The most excited actor in the room was undoubtedly Akasa Air, which is preparing for the launch of its operations in the summer of 2022. The airline aims to have a fleet of 18 aircraft in its first year. .
2022 will be a year not only for new entrants but also for existing players such as airlines under the Tata umbrella, Vistara, Air India Express, Air India and AirAsia India, their restructuring.
Airlines, both new and old, are unanimous in saying that fares need to be realistic and the industry needs to move away from irrational competition.
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First post: STI