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The last quarter of 2009 has again raised some hopes of revival of the aviation sector in the country. The bad patch is almost over and the sector is looking forward to make up now, the aviation minister has said
The aviation sector all over the world has suffered setbacks in 2008-2009 due to global recession, fuel prices and load factor but it will revive by 2011, Union civil aviation minister Praful Patel said on Monday, reports PTI.
"There was a drop of 30% in passenger load factor leading to losses in many top airlines in the world including British Airways. But the last quarter of 2009 has again raised some hopes of revival in the country," Mr Patel told reporters in Nagpur.
The bad patch is almost over and we are looking forward to make up now, he said. Asked about the Parliamentary Committee's remarks stating that the decision to merge national carriers Air India and Indian Airlines was taken in haste, Mr Patel said, "It’s a baseless story. My ministry has already issued a clarification on the same day."
On the proposed maintenance, repair and overhaul (MRO) facilities of aircraft manufacturing major Boeing in the city, Mr Patel said that the company was in the process of setting up a $100-million project soon.
To a question, he said that Air India will soon resume the Nagpur-Dubai international flight which was discontinued last month. Necessary instructions have been issued, he added.
Air India is in the process of launching a cargo hub very soon in Nagpur while Deccan Aviation has already started one from the city, Mr Patel said.