Indian Aviation Industry
Airlines in India play an important role in boosting the economy. The flight travel in India is too expensive with passenger cost which is common along with grounding charges, tickets and foods Safe air travel is still not guaranteed for passengers. An Air India pilot fell asleep due to fatigue and the controller alarmed the pilot. This could have led to the loss of lives of several innocent people. There is also uncertainty such as fog which could cause delays while the passengers are unaware of the reasons. There are problems of delay which only now are being addressed well with refund and compensation. From an investor perspective, just the cost of a plane itself is very expensive. The government interference adds to the burden of air travel. There are several small airlines that gets easily bankrupt due to high fuel and tax. The Kingfisher went bankrupt due to not paying the bills and taking heavy loans. Vijay Mallya bought several sm...