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
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Aviation Industry in India is a significant one among those industry segments that have experienced a phenomenal growth across the globe over the past years. The open sky policy of the Indian government is one of the key factors that have allured international players into the aviation industry in India. Since long‚ the aviation industry in India has been growing in terms of number of air travel firms and number of aircrafts. Today‚ private airlines alone bear the burden of not less than 75% of the domestic
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Boeing aircraft serving Asia‚ Europe and North America. Its corporate office is located at the Air India Building at Nariman Point in South Mumbai. Air India has two major domestic hubs at Indira Gandhi International Airport and Chhatrapati Shivaji International Airport. An international hub at Dubai International Airport is currently being planned. Air India has the fourth largest share in India’s domestic air travel market‚ behind Jet Airways‚ IndiGo and SpiceJet‚ as of May 2012.Following its merger
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growing in the country International tie-ups would boost brand image and reach a. It gets impacted by a lot of things that are not under its control (the overall economic sentiment‚ taxes‚ outbreak of illnesses‚ price of oil and so on) b. While the industry has to face a lot of competition‚ the industries that airlines have to deal with are highly monopolistic. As an article in The Economist puts it "Two firms-Airbus and Boeing-provide the majority of the planes‚ and airports and air-traffic control
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Europe and North America. Its corporate office is located at the Air India Building at Nariman Point in South Mumbai. It is the 16th largest airline in Asia. Air Indiahas two major domestic hubs at Indira Gandhi International Airport and ChhatrapatiShivaji InternationalAirport. An international hub at Dubai International Airport is currently being planned. 3. Some six decades ago in August 1953‚ the Indian airtransport industry was nationalised to provide safe‚ smooth and economic air travel to the people
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fuel cost‚ taxing the industry‚ unfair price war between carriers‚ etc. A number of measures related to the aviation infrastructure has been taken up:- 1) Development of capital intensive greenfield airports under PPP mode 2) Modernization of Delhi and Mumbai as well as non-metro airports‚ etc to address the infrastructure issues. 3) Consolidation drives in the industry are expected to provide the benefits such as increased economies of scale‚ rationalization of resources‚ and prevent
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UNIVERSITY OF MYSORE DEPARTMENT OF STUDIES IN BUSINESS ADMINISTRATION B. N. BAHADUR INSTITUTE OF MANAGEMENT SCIENCES MANASAGANGOTRI MYSORE 570006 KARNATAKA‚ INDIA Seminar Paper on Financial Distress and Restructuring A Case Study of Air India Ltd & Kingfisher Airlines Ltd Submitted to Dr. B. Shivraj Professor‚ DOSBA‚ UoM Submitted by Mr. Prasad V. Daddikar MBA IV Semester‚ Roll No. 50 Reg. No. 10MBO102 INTRODUCTION Financial distress is a term in Corporate
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to respective Trainer Mr. Abhishek Sharma who gave me an opportunity to present this project. INDEX SERIAL NO. | CHAPTER NAME | PAGE NO. | 1. | Aviation Industry in India | 1 | 2. | Airport Privatization in India | 1-2 | 3. | New Private airport in IndiaIndia’s 1st private airport to come up in BangaloreOpportunities for Air Cargo Industry in India | 2-4 | 4. | Cargo Airlines – Target Destinations in India | 4-5 | 5. | Companies involved in Infrastructure Development
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. Unfortunately‚ after an incident in the 1980s where power failure resulted in a stampede inside‚ members of the public are no longer allowed to climb the Qutub Minar. Over the years the Qutub Minar has seen its fair share of problems with the top being damaged by lightening at one time‚ and structural damage due to earthquakes over time. Thankfully‚ it has been repaired as and when the damage occurred and as a result it remains a marvel for generations to see.The entire Qutub Minar complex is a
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with Orient Airways shifting to Pakistan. These airlines were: Tata Airlines‚ Indian National Airways‚ Air Service of India‚ Deccan Airways‚ Ambica Airways‚ Bharat Airways and Mistry Airways. 2. In early 1948‚ a joint sector company‚ Air India International Ltd.‚ was established by the Government of India and Air India (earlier Tata Airline) with a capital of Rs 2 crore and a fleet of three Lockheed constellation aircraft. Its first flight took off on June 8‚ 1948 on the Mumbai (Bombay)-London air
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