IATA's Walsh: India's Aviation Market Has Fantastic Potential

• IATA chief Willie Walsh believes India, despite historical challenges, has the ingredients to become a "fantastic market" for airlines.
• India's domestic market grew over 32% since 2020, with over 1,500 planes on order and new airports planned.
• Walsh considers current issues like flight disruptions temporary, expecting market changes with expanding airport capacity.
• Historically, many Indian airlines, such as Jet Airways and Kingfisher, struggled financially and ceased operations.
• The privatization of Air India is viewed as a positive development, ending the distortion of its commercial operating environment.

Why It Matters: India's aviation market is transforming into a global powerhouse despite past issues.