Aviation Industry In India, According To Wikipedia

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According to Wikipedia, Aviation Industry in India traces back its History to 1912, with first flight from Karachi to Delhi started by Indian State Air Services and Imperial Airways UK collaboration. Actually it was just an extension of the London-Karachi flight by imperial airways.

However the actual instigation of India Aviation Industry was in the form of Tata Airline by JRD Tata in 1932. He was also the first Indian to get an A-License. In 1946, Tata Airlines was transformed into Air India. At the dawn of independence, India had nine air transport companies providing both cargo and passenger services.

In 1953, the Government of India nationalized all existing airline assets and formed Indian Airline Corporation for domestic air services along with Air India International for international air services. Until, 1991, these two companies played monopoly in India. It was only in this year that private airlines were allotted the 'air taxi scheme', under which they could operate chartered and non-scheduled services for uplift of Indian tourism. In 1994, as a result of a repeal of the air corporation act, private airline companies obtained permission to operate scheduled air services.

Indian Aviation Industry witnessed a major change in 2003, when Air Deccan introduced budget flying by lowering down the fares to mere 17% of what the other airlines were charging. Now the list includes Spice Jet, Go Airways and Kingfisher Air. 'All-business class airline' Paramount Airways also belongs to this group. These budget airlines have taken up the major Indian Aviation Industry market share. They have established newer trends in the aviation industry.

The Indian economy has been growing at a rate of 8 per cent in the last decade. The Indian aviation industry has benefited much from this growth. Earlier, there were only two national, government-owned airlines that operated in India – Indian Airlines (domestic) and Air India (international). Then came the wave of

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