What Happened
Turboprop Maker Sees Opportunity In Smaller Cities
India’s regional aviation market has significant potential, but turning demand into a viable business will require more than government subsidies, according to ATR chief Nathalie Tarnaud Laude. The company, which specializes in turboprop aircraft, believes India needs financially viable regional airlines, backed by more airports, lower airport costs and taxes, and incentives beyond the Udan scheme. ATR has secured a $1 billion order from Fly91 and is targeting a minimum 20% increase in deliveries this year. This development was reported by Mint.