Indian aviation in crisis: IATA

International Air Transport Association (IATA) is sounding the alarm bells for Indian aviation. IATA director general Tony Tyler said on Wednesday that "India's aviation is in a multi-faceted crisis," severely impacted by high costs and exorbitant taxes. He also lamented the fact that in such a situation, the government had allowed the Delhi airport to hike charges by 346%. Indian carriers' collective losses-cum-debt was Rs 1.32 lakh crore as of March 31, 2012.

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