An Indian-operated SpiceJet Boeing 737-800 aircraft (foreground) takes off. Indranil Mukherjee | AFP | Getty Images NEW DELHI — India needs to fix structural issues in its aviation market that keep operating costs high for domestic airlines, a top industry leader told CNBC. Aviation has a bright future in the country but carriers are struggling to square the differences between high operating costs and the low, competitive fares they have to offer, according to Ajay Singh, chairman and managing director of SpiceJet. SpiceJet is a low-cost airline in India and has one of the largest market shares in the country for the number of domestic passengers carried. “Demand outlook remains strong. People are shifting and moving from trains into planes, and more and more people are flying as the economy grows, as disposable incomes increase,” Singh told CNBC at the India Economic Summit. He added that airlines are operating “in an environment where our costs are among the highest and our fares are amongst the lowest.” India is considered to be one of the fastest-growing aviation markets in the world, but not every airline has been able to weather the challenging operating environment. Jet Airways, which was once India’s biggest… Read full this story
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