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INTRODUCTION
Aviation Industry in India is one of the fastest growing aviation industries in the world From being primarily a government-owned industry, now dominated by privately owned full service airlines Private airlines account for around 75% share of the domestic aviation market. In 1932, JRD Tata founded Tata Airline, the first Indian airline
The first commercial flight in India was made on February 18, 1911.
2. Non-scheduled air transport service Air cargo services: It is an air transportation of cargo and mail Air Traffic: The Airport Authority of India (AAI) manages total 122 Airports in the country.
AIRLINES IN INDIA
Kingfisher airlines oKingfisher Red Go Air Jet Airways oJet Lite oJet Konnect Air India Indian Airlines Spice Jet Paramount MDLR
Listed airlines
The rate of the shares of these airlines as on 13th august are: Kingfisher airlines Jet airways Spice jet Rs. 53 Rs. 681 Rs. 64
COMPARISON
Market share
Price most important factor followed by service provided and flight schedules. Indian Airlines has been rated high on most parameters while Jet Airways, although rated low on price, is rated highest in most other factors. Kingfisher is the best service provider among all the airlines with a good cabin crew.
Foreign equity allowed Low entry barriers Attraction of foreign shores Rising income levels and demographic profile Untapped potential of India's tourism Glamour of the airlines
The market share of Indian, jet airways and jet lite increased to 14.4% , 23.2% and 7.4% in February from 13.9%, 22.7% and 6.8% respectively in January Growth has moderated airfare in terms of increased fuel surcharge has increased and impacted the overall growth of the sector. Fuel surcharge has increased by Rs 700 to Rs1650.
Growth Factor
India to be significant player in the global civil aviation business Upgrade airports across India for Greenfield airports, foreign equity up to 100 per cent is allowed through automatic approvals By 2020, Indian airports are expected to handle more than 100 million passengers
Very sharp and large increase in employment in the airlines sector The airlines industry growth has also an expansionary positive impact on the growth of both domestic tourism and foreign tourism in India. The courteous behavior imparted to airlines staff has improved the quality of behavior among the people in general.
CONCLUSION
After doing this project we have come to the conclusion that: Has potential but has to overcome hurdles Some airlines are making the best of it On the stock market the performance of airlines dismal only Jet Airways performance is average.
Alina Baretto (3) Nihitha P. Anand (21) Rajesh P. Rao (31) Akshara Shetty (42) Monika Thapar (49)