Since 2014, India’s aviation sector has faced significant turbulence, starting with Kingfisher Airlines’ collapse and SpiceJet’s near failure. Despite a decade of challenges, including Jet Airways and Go First’s financial woes, the sector has seen substantial growth, with domestic passenger traffic growing at a 10% CAGR from 2014 to 2024. The privatisation of Air India and the dominance of IndiGo and Tata-led Air India have been notable changes. However, high operational costs and a limited number of dominant players have kept airfares high, and the UDAN scheme’s effectiveness remains questionable.
Evolution and Challenges in India’s Aviation Sector (2014-2024)
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