Hyderabad: India first-ever civil aviation exhibition and conference, India Aviation-2008 is taking place at the old Begumpet Airport in Hyderabad.
The four-day event from October 15-18 is being jointly organised by the Ministry of Civil Aviation and Federation of Indian Chambers and Industry (FICCI).
With the aviation industry facing a difficult time due to the ongoing global financial crisis and high fuel prices difficult time for the industry, the CEO's of domestic airlines will be meeting on Wednesday morning to discuss a bailout package with the Union Civil Aviation Minister Praful Patel.
The sector is staring down at losses of over Rs 4000 crore and want a financial bailout of about Rs 5000 crore, which could be a mix of soft loans and decrease in high aviation turbine fuel (ATF) taxes to a uniform four per cent across the country.
The air show itself has participation from all aircraft manufacturers including Airbus which has brought its A380, the world’s largest aircraft.
More than 200 exhibitors from leading aviation and allied industries from around the world are taking part in the show.
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