 "Airlines, Aviation sector")
Since 1991, Indian aviation carriers have built an exceptionally successful business across the Indian skies — backed by favourable policies in the form of foreign direct investments, an innovative low cost carrier (LCC) model, code-share/ alliance agreements, regional connectivity or the UDAAN scheme and the 5/20 rule to go international, to name a few. The introduction of the LCC model enabled every man to fly and nearly upset the operating model of full-service carriers (FSCs). No one could have imagined that LCCs would expand to such an extent that FSCs would be forced to run for cover under mounting losses.
The
