Avaition Industry

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Title: Avaition Industry

Essay Details:

Subject: Miscellaneous

Author: Bonnie S

Date: June 16, 2016

Level: University

Grade: A

Length: 16 / 4578

Essay text:

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. The joint venture was headed by J.R.D. Tata. After the Second World War as many as eleven private domestic airlines operated in India. The supply-demand was not in balance as the Indian aviation market was still in a fledgling state. Many of these airlines were making heavy losses as a result of which the government decided to nationalise the airlines by forming one domestic carrier and one international flag carrier. In 1953 Air-India International (name truncated to Air-India in 1962) became a public sector corporation along with Indian Airlines Corporation (catering to domestic and regional routes)...

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