Budget carriers 'set to flourish'
Regional budget carriers are set to flourish despite turbulence faced by the airline industry, according to a speaker at the second Middle East Aviation Outlook Summit in Abu Dhabi.
India will let cellular carriers share airwaves and allow for consolidation in a crowded industry that has been battered by ferocious competition as well as a licensing scandal that may have cost New Delhi up to US$39bil in lost revenue.