Volatile oil prices put aviation industry in a fix

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New Delhi, September 25, 2008 : The sharp rise in fuel prices has pushed global aviation industry in crisis with 5.2 billion losses this year and the forecast of 4.1 billion next year.

Bisignani called for urgent action to help Indian carriers to weather away the storm of high costs and falling demand. The global crisis resulting from high oil prices is hitting India hard.

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