Willie Walsh, CEO of IndiGo Airlines.
\n\nChief Executive Officer (CEO) of IndiGo Willie Walsh has called for lower airport charges and taxes in India, arguing that high airport costs are putting pressure on airlines and could constrain the sector's growth potential. Walsh said airport charges were already too high and urged airport operators to offer more competitive pricing, particularly as airlines look to expand their operations in the country.
\n\n"I haven't changed my view. Airport charges are too high. We would do much better if we had lower taxes. So lower taxes, lower airport charges. That's the way forward. The charging regime at airports had seen a 4% increase in the second quarter of this year, adding that airlines were seeking better value from airport operators," he said.
\n\nWalsh also highlighted the need for greater cost competitiveness, particularly given the significant expansion opportunities in India's aviation market.
\n\n"Airports, which effectively operate as monopolies, should be more competitive in their pricing. I had held discussions with Arun Bansal, CEO for Adani Airport Holdings Ltd (AAHL) and hoped to maintain regular dialogue to address the industry's cost-related concerns," he added.
\n\nIndiGo not hedging fuel requirements:
\n\nOn fuel hedging, Walsh said IndiGo was…
Original source: https://www.timesnownews.com/business-economy
