INTRODUCTION Aviation industry in India has the potential to conjure up because - 16 Millions Indians argon travelling by rail casual 19 Millions Indians be travelling by bank situation yearly Due to bilateral billet handicraft agreements, the global air traffic increased by 17%.Only 1% of the Indian population have utilise the airplane at least once(Air Deccan: รข€ž40% of our rider are first term travellers) 450 500 Million. Indians are potential air travellers. There were hardly TWO players in post independency era.All airlines were merged each into Indian Airlines or Air India (Air Corporations Act,1953). presidential term monopoly for next 40 years (till 1991).Huge entry barriers for private players. veritable SCENARIO The liberalization of aviation industry in India has precipitated the boom for national and external rider carriers. The home(prenominal) passenger and freightage traffic record a growth rate of 44.6% and 8.7%, and the in ternational passenger and cargo traffic recorded growth rates of 15.8% and 13.8% one by one during 2006-071. The Airport sanction of India (AAI) manages total 122 airports in the country, which let in 11 international airports, 94 domestic airports and 28 courtly enclaves. upper side 5 airports in the country mete out 70% of the passenger traffic of which Delhi and Mumbai to gether account for more than than 50%. The a la mode(p) data compiled by Airports Authority of India (AAI) shows that all the airports handled 90.44 million passengers during the schedule year 2006 compared with 67.95 million handled during the said(prenominal) period in the prior year2. The substantial growth of Indian aviation industry is for the most part due to: (i) let loose fares offered by Low Cost Carriers (LCC) alike Deccan, Spicejet, GoAir etc; and (ii) Scheduled domestic air services are directly available from 75 airports as against just 50 antecedent so it is bare that Indian airl ine industry is developing vigorously a! t a rate of 25-30% and is expected to continue International...If you hope to get a full essay, order it on our website: OrderCustomPaper.com
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