Taking the airline industry there are many major players in the sector. Airlines, which operate domestic, are the govt. owned Indian airlines, Jet Airways and Air Sahara.
In the last annual report, the ministry of civil aviation, as the main central agency responsible for the formulation of national policies and programmes for development and regulation of civil aviation, forecast an annual growth rate of the air travel market of about 8.5%
The potential for growth in the civil aviation sector is enormous and it can be seen from the fact that India has eight international airports and over 80 domestic airports, controlled by the airport authority of India.
The number of domestic and international passengers has increased from 5.1 million in 1970 to 45 million in 2003.Cargo has increased from 81000 tonnes to 683000 tonnes. By 2010,says analyst, domestic passengers would touch 75 million, while international passengers would account for 40 million and even that could be a conservative estimation.
- Airline Industry
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