Regional aviation in India great business proposition on paper: CAPA India

In India, regional aviation has always been a great business proposition on paper, says Varun Kumar, Team Leader – Consulting & Research at CAPA India. “In reality, it is extremely difficult to create a long-term sustainable business model for regional aviation in our country. Carriers such as Air Mantra, Air Pegasus, Air Costa and Air Carnival ceased operations within a span of few years, with some not lasting beyond a year,” he adds.