New Delhi: The past four years have seen a steady stream of talent from the aviation sector leaving for industries such as hospitality, financial services, travel and infrastructure companies like GMR and GVK even as promoters of airline companies have been scrambling to bring in chief executives from overseas. With opportunities in India shrinking, many aviation executives who couldn't see themselves as part of any other sector have even left the country to work for airlines overseas.
"There's no denying that the sector has seen more than its share of exits in the last few years and that's mainly to do with the state of airlines in India. The churn in the sector has led to a churn in jobs," says Kapil Kaul, CEO of Centre for Asia Pacific Aviation, an aviation consultancy, who has been a witness to this trend in the past few years.
One of the prime reasons for exits from the sector has been the recurrent demise or buy-out of airlines in India - Air Deccan and then Kingfisher Airlines, Sahara (after the buyout by Jet Airways), Paramount, MDLR and Modiluft, and Damania and East West in an earlier phase. Almost all these airlines saw many senior-level exits - either atthe time of buy-out or closure.
20/10/14 Business Standard
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"There's no denying that the sector has seen more than its share of exits in the last few years and that's mainly to do with the state of airlines in India. The churn in the sector has led to a churn in jobs," says Kapil Kaul, CEO of Centre for Asia Pacific Aviation, an aviation consultancy, who has been a witness to this trend in the past few years.
One of the prime reasons for exits from the sector has been the recurrent demise or buy-out of airlines in India - Air Deccan and then Kingfisher Airlines, Sahara (after the buyout by Jet Airways), Paramount, MDLR and Modiluft, and Damania and East West in an earlier phase. Almost all these airlines saw many senior-level exits - either atthe time of buy-out or closure.
20/10/14 Business Standard
