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DEVELOPMENT OF AVIATION INDUSTRY IN INDIA

Author – Aditya Kumar
ICFAI University Dehradun

Co-Author – Priya Bhatnagar
ICFAI University Dehradun

ABSTRACT

This Paper is to accommodate the exchange and vesting of the endeavors of Indian Airlines and Air India separately to and in the organizations shaped and enlisted as Indian Airlines Limited and Air India Limited and for issues associated therewith or coincidental thereto and furthermore to cancel the Air Corporations Act, 1953 and all about the development of the Aviation Industry in India.

The Author(s) have mentioned about Air corporation Act, 1953 and 1994 Act which finished the imposing business model of Indian Airlines and Air India to work residential flights and make them ready for the passage of private players like Jet Airways. Other than Jet Airways, Sahara India Airline and Archana Airways were offered licenses to work as Scheduled Private Airlines. Partnership Airlines, an auxiliary of Indian Airlines, began working in 1996-97. One of the fundamental motivation to revoked The Air Corporation Act, 1953 is that in the year 1991 the Liberalization, Privatization and Globalization come to India and the interest of Privatizing the Aviation area is at the pinnacle. Thus The Air Corporation (Transfer of Undertaking and Repeal) Act 1994 comes into power. And a new era of Aviation sector begins.