Bangkok--29 Sep--Centre for Asia Pacific Aviation's
Professor Nawal Taneja, from Ohio State University, today, at the Centre for Asia Pacific Aviation's Third Annual India and Middle East LCC Symposium, warned Indian LCCs that the honeymoon period is over as full service carriers begin to fight back. Professor Taneja predicted that LCCs that can develop into 'New Generation Carriers' will grow to become global players, and those that don't, will simply fail.
Addressing LCC and full service CEOs at the Centre’s LCC Symposium, Professor Taneja stated, "there are many opportunities, but don't kid yourself, there are even more challenges. It is going to be a little like the dot.com boom. There will be many failures, but the few that survive are going to become global players".
In his Keynote Address to the Centre's Third Annual LCC Symposium, Professor Taneja noted that 75% of legacy carriers around the world are "asleep, but some are waking up" and they will provide serious competition to LCCs that take them for granted. LCCs from India and other emerging markets must develop to become 'New Generation Carriers' and take advantage of the opportunity to become global players.
"Those who think they have got it made, well let me tell you, the honeymoon is over. And those that think that full service carriers are dead will have some serious problems," conlcude Professor Taneja.
The Third Annual India and Middle East LCC Symposium in Mumbai continues today. Featuring CEOs from full service and low cost carriers from across the region, as well as senior government and industry representatives, the Symposium is covering the challenges and opportunities facing the sector. Indian aviation is undergoing unprecedented growth, but profitability is being undermined through intense competition stimulated by new airline entry and significant new capacity being added by incumbents. Programme highlights today include:
Air Deccan: Warwick Brady, COO
Jet Airways: Wolfgang Prock-Schauer, CEO
Rak Airways: Jack Romero, CEO
Sama: Andrew Cowen, CEO
SpiceJet: Ajay Singh, Director
Viva Macau: Andrew Pyne, CEO
Ryanair: Patrick Murphy, Former Chairman
Ohio State University: Prof Nawal Taneja, Aviation Department Chairman
IATA: Julian Carr, Manager New Product Development
Landor Associates: Bill Larsen, Director
PhocusWright: Ram Badrinathan, Asia Pacific Analyst
Ginger Hotels: Prabhat Pani, CEO
CAPA Consulting: Andrew Miller, CEO
Centre for Asia Pacific Aviation: Peter Harbison, Executive Chairman
Key details about India & Middle East LCC Symposium 2006:
Date: 29/30 September 2006
Venue: Grand Hyatt Mumbai
Attendance:
250+ Delegates
25+ High-level Speakers
50+ Global Media Representatives
Media Exposure: Global newswire press coverage
Broadsheet newspaper coverage on three continents
Global television coverage: Over 50 website listings and advertising
Live web streaming of interviews to over 500,000 people
The event will also feature an extensive supplier exhibition and enhanced sponsor offering, with over 10+ hours of networking time.
For more information, please visit: http://www.centreforaviation.com
For sponsorship details, please contact Misty Cambray, Marketing Manager [email protected] Ph: +612 9241 3200.