This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Effect of Effect of Structural Stabilization Program Structural Stabilization Program on Aviation Industry in India on Aviation Industry in India Name: Kauser Dabhiya (Roll No 8519) Name: Kauser Dabhiya (Roll No 8519) Name: Shailesh Saraph (Roll No 8550) Name: Shailesh Saraph (Roll No 8550) Indian Aviation Industry - History Indian Aviation Industry - History 1932 : Founded by JRD Tata as TATA Airlines 1946 : After WWII became a public limited company called Air India 1948 : Government of India acquired 49% of the stake with option to buy additional 2% 1948 : Started International operations with flight from Mumbai to London & Cairo 1953 : Government of India exercised its option to purchase a majority stake in the carrier and Air India International Limited was born as one of the fruits of the Air Corporations Act that nationalized the aviation industry. 1953 : At the same time all domestic services were transferred to Indian Airlines 1992 : Jet Airways incorporated as air taxi operation 1994 : Air Corporations Act was repealed and other operators (e.g. Jet Airways) were allowed scheduled airline status...
View Full Document
This note was uploaded on 03/14/2010 for the course PUMBA 103 taught by Professor Prof.jayantoke during the Summer '10 term at University of Pune.
- Summer '10