Has Indian aviation sector's period of turbulence come to an end?

After a year that saw capacity declining, the high profile Kingfisher Airlines grounding operations, and passenger growth slipping, things finally seem to be looking up after opening of FDI in the sector has seen a spurt in deal activity. HS Khola, former DGCA; Amber Dubey, partner and head of aviation at KPMG, and Saroj Datta, former executive director at Jet Airways, discuss the winds of change that seems to be blowing in India's competitive aviation space, while key challenges of taxation and high fuel costs remain.