INDIA - LCCs get thumbs up for growth

At a time when the burgeoning low cost carrier market in India is evoking bullish sentiments, testimony of such positive mood has been affirmed by Centre for Asia Pacific Aviation (CAPA). The association has stated that the LCC market share in India will reach 70 percent by 2010, making it one of the world’s leading LCC markets in terms of total market penetration. “Full service carriers are, on average, bleeding a remarkable 1.5 percentage points of market share every month to LCCs. We do not expect this rate to slow in the short term, given the profile of current fleet orders.

>>Full article