Thursday, March 13, 2008

India Airport Strike .... NOT!

The India Airport Strike has been called off, reports the Business Standard:

The Standard reports that:

The Airport Authority Employees’ Union (AAEU) called off its two-day “non-cooperation” movement after claiming that Civil Aviation Minister Praful Patel has assured them that contracts like those with airport developers in Hyderabad and Bangalore would not be signed in the future and that jobs in these airports would be protected.

India and China's rapid expansion of airport capacity is an unparalled event in transportation history, and it remains to be seen if the substantial costs do not have many more unintended consequences.