Airline industry privatized, VIP culture will still remain Airline industry privatized, VIP culture will still remain

Airline industry privatized, VIP culture will still remain

The airline industry was made private

The Government of India has now made the airline industry private. After which the number of air ports will also be increased. Whereas the VIP culture will still remain intact. The letter was issued by the Union Aviation Ministry on September 21, in which the airline company was ensured to comply with the rules. Let us tell you that for the last two decades, the Government of India was trying to privatize Air India. During this, governments changed five times at the center.

Air India was not always a government company. It was started in 1932 by JRD Tata under the name “Tata Airlines”. Initially it provided weekly flight service from Karachi to Madras, which went via Ahmedabad and Bombay. The airline flew 2,60,000 km in its first year carrying 155 passengers and 10.71 tonnes of letters. During this it made a profit of Rs 60,000. After World War II, this airline turned into a public limited company and its name was Air India.

Air India International was renamed

The Government of India changed the name of the airline to Air India International and its domestic flight service was transferred to Indian Airlines as part of the restructuring. For the next 40 years, Air India was counted among the gems of the central government and it retained most of the market share of the domestic airline. However, in 1994, the government repealed the Air Corporation Act 1953 and allowed private companies to participate in the aviation sector. By the end of 1994-95, 6 private airlines entered this sector. These include Jet Airways, Air Sahara, Modiluft, Damania Airways, NEPC Airlines and East-West Airlines.

Air India continues to offer premium services during this period and is controlling most of the country’s international traffic. However, in the domestic market, it started losing market share to Jet Airways and Sahara Airlines. Both these airlines were not providing luxury services, but they were offering domestic flights at affordable rates, which was attracting people.

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