high growth path can be credited to India’s 11th Five Year Plan (2007–2012) which is formulated by the planning commission. This phase saw the execution & completion of four international airport projects with the help of public–private partnership (PPP) mode, and also saw five Indian carriers going and serving on international routes. With massive globalization and Indian metros becoming financial and IT hubs, India is rapidly making positive strides in the aviation sector and currently is the ninth
company known as “Jet Airways” before we get into, here are some intro points about this company. History: Jet Airways was found in 1st April 1992 by Mr. Naresh Goyal and they started their operation after one year may 5th 1993, Jet began international operations from Chennai to Colombo in March 2004. The company was listed on the Bombay Stock Exchange Jet airways India’s second major airline in terms of market shares after Indigo airlines based at Mumbai known as India’s economic capital in
passengers and had revenues of $75 million. Projected revenue for this year: $250 million. Also, in 2004 the company raised $40 million in private equity from ICICI Venture Funds Management, India's largest private- equity player, and Capital International, an arm of the huge Los Angeles money manager Capital Group. Air Deccan is looking to go public over the next few months. "This is not the story of Air Deccan's growth--it's the story of the growth of India," says Gopinath. His success in the
A320’s(source : http://en.wikipedia.org/wiki/Kingfisher_Airlines).It merged with another Low cost airlines named Air Deccan in 2007 which was already in the aviation market long before kingfisher was established thus enabling it to connect to international routes on 3rd September 2008 by connecting Bengaluru to London. A short introduction to Aviation sector when Kingfisher entered : When Kingfisher airline commenced operations as a full service carrier while the aviation sector was comprised
service between Karachi and Chennai. In 1953, the government nationalized the airlines industry, by enacting the Air Corporation Act. Subsequently, assets of nine existing airline companies were transferred to two new corporations - Air India International and Indian Airlines - creating a monopoly that perpetuated right up to 1993. In 1994, with the repeal of the Air Corporations Act, private carriers like Jet Airways were permitted to operate scheduled services, subject to fulfillment of certain
A study of two airline carriers and reasons for their failure Air India (Public Ownership): This enterprise was started as the Tata Airlines. Later acquired partly by the Indian Government, it was set up a joint sector company, Air India International in early 1948. Also the nationalization of Indian Airlines (IA) in 1953 brought the domestic civil aviation sector under the purview of Indian Government. This nationalization was expected to spur growth, promote economic activity, rush assistance in
Bangalore, India. It is a major Indian airline operating 218 flights a day and has an extensive network to 37 destinations, with plans for regional and long-haul international services. Its main bases are Bangalore International Airport, Bangalore, Chhatrapati Shivaji International Airport, Mumbai and Indira Gandhi International Airport, Delhi. Kingfisher Airlines, through one of its holding companies United Breweries Group, has acquired 26% stake in the budget airline Air Deccan and has option to