PRIVATIZATION OF CIVIL AVIATION INDUSTRY IN INDIA WITH SPECIAL REFERENCE TO AIR INDIA

Author Name: 1. Dr Priya Chaurasia

Volume/Issue: 05/01

Country: India

DOI NO.: 08.2020-25662434 DOI Link: https://doi-ds.org/doilink/06.2024-18442855/UIJIR

Affiliation:

1. Assistant Professor, Shri Ram College of Commerce, University of Delhi,

ABSTRACT

The privatization of India's civil aviation industry refers to the process of transferring ownership, management, and operation of airports, airlines, and related services from government control to private entities. This strategic shift aims to introduce market-driven principles, enhance efficiency, foster competition, attract investment, and improve overall performance within the aviation sector. The open sky policy has had a significant impact on the civil aviation industry in India. It has led to increased competition, expanded route networks, improved connectivity, and enhanced consumer choice. Airlines have been able to enter new markets, operate more efficiently, and offer competitive fares, benefiting both passengers and the industry as a whole. Additionally, the open sky policy has encouraged investment in airport infrastructure, technology upgrades, and service enhancements to meet growing demand and improve the overall travel experience.

Key words: Privatization, Aviation Sector, Open Sky Policy, Directorate General of Civil Aviation (DGCA), Airports Authority of India