Earlier this year Aditya Ghosh, CEO of IndiGo Airlines, and I discussed the top concerns of airline businesses in his region. “In India we are such a large country and so underpenetrated in terms of the airline business,” he said. “So the issue is not growth [because] that growth will happen in any place. The issue is whether the regulations keep pace… and facilitate what is needed for that airline growth.” He noted India’s physical infrastructure has seen a lot of improvement over the past 18 months, citing brand new airports and new terminal buildings in several tier-2 and tier-3 cities. Thus, he said, “Regulation and air traffic management are the two big focus areas for companies at the moment.”
Speaking about the insurance market, Ghosh added: “The way we have always looked at underwriters is as if they were investors in us, as if they are our shareholders. If they are convinced that we are doing the right job and we come back and deliver on what we promise year on year, then our risk profile goes down and they are able to give us a product that is the best value for money.” Ghosh made these remarks at the Willis-IATA-AAPA Aviation Insurance Conference in Hong Kong. The Willis-IATA-AAPA Aviation Insurance Conference is a landmark industry event, which brings together professionals from across the aviation sector as well as a wide array of partners from related fields as diverse as safety, technology, risk and insurance.
Now in its 13th year, the event is an established brand in its own right and attracts senior representatives from across the Asian aviation and aerospace sectors.