Introduction
In today’s fast paced world the Aviation Industry has grown gradually over the recent years, resulting as one of the fastest flourishing industries in the world. This never ending trend has increased the constant demand for pilots, aircraft engineers and cabin crews at the same time increasing the expectation of the passengers. Going through a turbulent phase over the past years facing constant complications, the Indian Aviation Industry has faced struggles including high oil prices and limited pricing power as well. With increasing debts, widening losses, pilot strikes, shutting down of overseas operations and no sign of a solid recovery plan, India’s aviation sector is heading to get worse. Privately owned Kingfisher, which has shut down its overseas operation, is one in the heaviest debts and also in need of funds. Air India is equally struggling, owing employees Rs124 crores (US$23.5 million) in unpaid salaries (The Sun Daily, 2012). The other airlines are Jet Airways, SpiceJet and GoAir. This report is mainly focused on Air India and its current situation in the aviation industry of India. The problems which Air India faces will be looked into with suggestion to overcome its struggles.
Air India
ARUN PRABHUDESAI . (2009). Air India. Available: http://trak.in/tags/business/2009/10/24/air-india-turning-grave-india/.
Background
Known as India’s finest flying Ambassador, Air India is India’s first national flag carrier. Air India was found by J.R.D Tata in the year 1932 and was called Tata Airlines. The airline was started with constant urge to excel and with non-stop enthusiasm. On March 8, 1948, Air India International Limited was formed to start Air India’s international
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