THE YEAR THAT WAS/ Boom In Airtravel

The civil aviation sector has been witnessing a boom as the domestic passenger carriage, cargo movement and international air traffic have shown exponential growth. This growth has been largely fuelled by the policy of increased liberalization, which has been followed by Government on both domestic as well as international side. After dismantling of monopoly of national carriers on the domestic skies in 1994, the civil aviation sector has seen increased competition resulting in significant growth. The competitive tendencies have, in turn, resulted in adoption of aggressive, innovative pricing strategy and low cost model by the upcoming new airlines. On the international side, Government has taken several initiatives to increase the availability of seats as well as better connectivity by entering into several bilateral agreements.
21/12/06 Indlaw.com

To Read the News in full at Source, Click the Headline