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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (56315)	11/22/2004 1:49:12 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

China set to hijack airport's pot of gold TIMES NEWS NETWORK[ MONDAY, NOVEMBER 22, 2004 01:03:46 AM ] KOLKATA: The city’s international airport is headed for an air pocket with global carriers plying the heavy traffic East-West corridor keen to shun India and opt for China instead. At present, 600 aircraft overfly Kolkata daily, making it one of the busiest air corridors in this part of the world. But with China opening its skies and offering routes that cut travel time between East and West by 30 minutes, Indian officials fear a huge revenue loss. Planes have to pay navigation and related charges to flight information regions (FIRs) through which they fly. Since the Kolkata FIR has a confluence of 14-15 air-routes, it earns Rs 100 crore a month on overflight charges. That’s a staggering Rs 1,200 crore a year. [This following paragraphy really gave me a giggle. India has an equitable distribution of income, yeah right<g>] Here’s where India has an edge over China. Though the latter has a larger population, it is concentrated along the coastline. In contrast, India has a geographically equitable distribution of people and income, thereby making it fit for regional air connectivity. timesofindia.indiatimes.com