Indian airline industry emerging from long-drawn crisis

New Delhi: Barring Air India’s troubles, Indian aviation industry in 2013 gradually started emerging out of a long-drawn crisis with air traffic on an upward growth trajectory and major policy changes in areas like FDI (foreign direct investment) starting to have their impact.
New airlines would start flying on Indian skies in 2014 that would also mark 100 years of commercial aviation to commemorate the first flight by a paying passenger on a scheduled airline that crossed Tampa Bay in Florida (US) in 1914.

The new year would also see new appointees taking over at the top levels in the Civil Aviation Ministry, like the posts of Secretary and chief of the aviation regulator DGCA.
A year after the government changed its policy to allow foreign airlines pick up stake in Indian carriers, tangible results in the form of the Jet-Etihad deal, AirAsia India and Tata-Singapore Airlines joint ventures, were seen in 2013 which are expected to bloom next year.
Read News In Full 30/12/13 eTurbo News