The annual masterclass on Indian aviation — the CAPA India Aviation Summit 2017 — started on a positive note, albeit with a caveat. This was reflected in the introductory address made by the summit chairman Kapil Kaul. Speaking at the conference in Mumbai, he said, “The next financial year is expected to be the third consecutive year of domestic growth above 20-25 per cent. That should mean profitability, strengthening of the industry, more jobs and more competitiveness. However, this projection could also be misleading and possibly leading us to risks.” The two-day summit started on Feb 8 and will end the following day with a half day conference on corporate travel.