OVERVIEW OF THE INDUSTRY
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 privately owned full service airlines and low cost carriers. Private airlines account for around 75% share of the domestic aviation market. Air transportation in India is under the purview of the Department of Civil Aviation, a part of the India's Ministry of Civil Aviation and Tourism.
India has an eminent position in the civil aviation sector with a large fleet of aircrafts. In all, 56 airlines are operating scheduled air services to and through India and 22 foreign airlines are over flying Indian Territory. There are over 450 airports and 1091 registered aircrafts in the country. There are also 41 non-scheduled air transport operators. Additionally 34 applicants have been granted NOC by the Ministry of Civil Aviation for setting up non scheduled air transport operation. Air Transport has a significant role to play in a vast country like India with major industrial and commercial centers located far apart. Earlier air travel was a privilege only a few could afford, but today air travel has become much cheaper and can be afforded by a large number of people.
HISTORY OF INDIAN AVIATION:
After 2004 till date it has been an Oligopoly market
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CLASSIFICATION & TYPE
The Indian airline sector can be broadly divided into the following main categories:
1. Scheduled air transport service, which includes domestic and international airlines.
2. Non-scheduled air transport service, which includes charter operators and air taxi operators.
3. Air cargo service which includes air transportation of cargo and mail.