3rd Aviation, Tourism Investor Summit from June 11

Mumbai, Apr 28: The third annual two-day Aviation and Tourism Investor Summit will be held here from June 11.

The summit will especially focus on India and the West Asia. Over 250 delegates will participate in the meet, a Centre for Asia Pacific Aviation release here said.

The meet will consider the outlook for the region's low cost sector. In India, this sector has been driven by a domestic traffic growth of almost 50 per cent, but faces critical issues related to profitability, funding, infrastructure and regulation. The year 2007 will be a pivotal year for the long-term viability of the sector and the symposium will provide critical insights into the likely outcomes, the release said.

In the West Asia, the model has gained momentum, and Kuwait and the UAE already have very successful operators. In 2007, low cost airlines are set to launch operations in the largest Gulf market, Saudi Arabia, the release added.

UNI