Management Air India

Chapter 1 industry profile AVIATION INDUSTRY IN INDIA 1.1) Introduction Aviation Industry in India is one of the fastest growing aviation industries in the world. With the liberalization of the Indian aviation sector, aviation industry in India has undergone a rapid transformation. From being primarily a government-owned industry, the Indian aviation industry is now dominated by in camera owned full service skyways and low cost carriers. hole-and-corner(a) airlines account for around 75% share of the domestic aviation market. Earlier air drop dead was a privilege except a few could afford, but today air travel has become much cheaper and can be afforded by a large number of people. 1948 March 8 , Air India outside(a) incorporated. Air India worldwide Ltd in collaboration with Air India (earlier Tata Airline) with a capital of Rs 2 crore and a fleet of three Lockheed shape aircraft. The inaugural flight of Air India International Ltd took off on June 8, 1948 on the Mumbai London air route. The Government nationalized nine airline companies vide the Air Corporations Act, 1953. Accordingly it established the Indian Airlines Corporation (IAC) to allow to domestic air travel passengers and Air India International (AI) for multinational air travel passengers.

May 28, 1953 Air Corporations Act, 1953, ratified by the President of India. June 15, 1953 Two Corporations - Air India International Limited and Indian Airlines Corporation (IAC) came into formal existence. August 1, 1953 Nationalization of Air India International Limited. Mr. J.R.D. Tata appointed Chairman and Mr. B.K. Patel as Vice Chairman and full general Manager. The assets of the existing airline companies were transferred to these two corporations. This Act ensured that IAC and AI had a monopoly over the Indian skies. A third government-owned airline, Vayudoot, which provided feeder run between smaller cities, was merged with IAC in 1994. These... If you want to exact a full essay, order it on our website: Ordercustompaper.com

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