Professional Documents
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Arnab Chowdhury PGP 26329 Arunkumar R PGP 26330 Avinash Madhavan PGP 26331 Raygonda Birajdar PGP 26332 Biswajit Mohanty PGP 26333 Chinmay Desai PGP 26334 David Sangma PGP 26335 Desegan P PGP 26336
Introduction
History of Aviation in India Current Scenario Factors increasing profitability Factors decreasing profitability Comparative analysis with foreign carriers
Current Scenario
Open Skies Policy Recent Growth
Government Regulations Entry of Low Cost Carriers Increasing Competition
Recent Air India Strike Response to Economic Crisis Market Share Analysis Oligopolistic market
Tourism
Burgeoning Indian Middle Class
Consumerism Rail Travel Partially Inferior Good for Generation Y
Government & State Tourism Campaigns Medical Tourism New Forms of Tourism (Eco-, Heritage-, Adventure-) Airlines Tourist Packages
Economies of Scale and Transaction Cost Theory
Airlines perspective:
Longer the distances Lower the Average Total costs Greater the number of travelers Lower the Average Total Costs
Market expansion increase in demand for pilots No proportionate growth in supply New market equilibrium Higher salary Principal Agent Problem
Conclusion
Fallouts of Air India - Indian Airlines merger Booming service sector demand Private-Public Partnerships Improvement in metrics Impediments and Growth
Thank you
HAPPY FLYING