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Entrepreneurial Trends in Liberalised Civil Aviation Sector
Civil aviation sector is growing at a brisk pace in India. This growth is fuelled by the liberalisation of the industry, increase in investments, emergence of low cost carriers (LCCs), positive impetus by regulatory authorities and improvement in the standards of living in the region in general. Lib...
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| Format: | Article |
| Language: | English |
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2007
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| Summary: | Civil aviation sector is growing at a brisk pace in India. This growth is fuelled by the liberalisation of the industry, increase in investments, emergence of low cost carriers (LCCs), positive impetus by regulatory authorities and improvement in the standards of living in the region in general. Liberalization of the domestic civil aviation industry in India gained pace with the repeal of the Air Corporations Act 1953 on 29th January 1994. A number of private players commenced domestic operations including Jet Airways, Air Sahara, Modiluft, Damania Airways, NEPC Airlines and East West Airlines. However, many of these operators could not sustain their businesses and closed operations by 1997. Among the many private airlines, which started operations with the deregulation of the Indian civil aviation sector, only two still continue to operate-Jet Airways and Air Sahara. With the entry of LCCs, the airline industry in India is in fact presently witnessing the second phase of liberalisation. Leading players in the Indian aviation industry include Air India, Indian Airlines, Jet Airways, Sahara Airlines, Kingfisher, Spicejet, Paramount, IndiGo and Go Air. But the airline industry in... |
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