'Indian Aviation can gain from Dubai crisis'

Hyderabad, Dec 1: The Dubai debt crisis might have shattered the global markets, but it can be a great opportunity for the Indian Aviation Industry to thrive on, contends Director General of Airports Council International (ACI) Angela Gittens.

Speaking to a news agency, Gitten said, that the financial crisis in Dubai can be looked at as an opportunity to enhance and provide aviation capacity outside the country.

Noting that the crisis may affect the economic front depending on the tie-ups with India, Gittens recommended that India should take two steps forward when Dubai is taking one step backward to have better aviation tie-ups.

ACI foresees a two per cent rise in global aviation revenues by the year 2011 which would be mostly complemented by India, China and Brazil. The industry in countries like USA and European countries is still flat and rebound will start only in 2010, the ACI head said.

Indian aviation industry will require at least USD 12 billion to meet the demand by 2030 as the demand would double by then, she added.

OneIndia News