MUMBAI (NewsRise) -- India's aviation industry is likely to slip into annual losses yet again this fiscal year as shrinking air fares and weaker finances at the nation's largest airline IndiGo mar prospects of the world's third-largest aviation market.
Aviation consulting firm CAPA warns that the industry is likely to post more than $600 million of losses in the fiscal year ending March 31 as IndiGo, owned by InterGlobe Aviation, grapples with safety concerns on its A320neo aircraft powered by Pratt and Whitney engines.
