Air India is one of the leading airlines in India. At present air India run by the government of India. Before took in charge over the air India there was an interesting history behind that, let's look at the
In 1932 J.R.D tata had first-ever started Tata airlines with a capital investment of 3000$ (2 lakh rs). It was the first-time J.R.D Tata himself flew between Karachi and Bombay in Havilland Puss Moth (Air Craft), which had carried 25kg mail. In 1937 a regular service had been started between Delhi and Bombay which carried passengers as well as postcards.
In 1946, because of a separation of palatial property between two sons, then it became a public-private limited company under air India. In 1948 after the independence of India, 49% of the airline acquired by Govt. of India. After that air India start giving international services from India as designated flag carrier under the name Air India International. In 1960 Air India International entered the Jet Age. On 8th June 1962, airline's name was officially truncated to ''Air India'' and then In 1994, it was registered as Air India Ltd.
As time went off air India made so many transformations like an employee, organization, and management system henceforth air India awarded as a corporate and social service provider Trusted Brand award and Best Airline award. After few years Air India had faced huge financial crises. During 5 years of recession, air India almost deteriorated partially and made a loss of 10 billion rupees and amassed 38 billion rupees in debt. It had also employed 18,000 staff, which at over 700 workers/plane double the industry standard. To save Indians pride management tie-up with Lufthansa, Delta, and Air France. This deal was expected to rose $2.5 billion because of that air India got benefits of 90 routes but they could not take benefits of that. The reason behind was that Air India had only 27 air crafts they even could not purchase more because they running in debt of 70million$.
In 2007 Govt. of India announced the merger of Air India (along with Air India Express) and Indian Airlines (along with alliance air) to form NACIL (National Aviation Company of India Ltd.).Arvind Jadhav was the chairman and managing director of Air India. They thought this move would help the cash-strapped national carrier which suffered losses to the tune of 5551 crores (2009-10) and Rs. 7189 crore (2008-09), to reduce its administrative cost, cost of billing, ticketing, and other services.
History Behind the Air India.
In 1932 J.R.D tata had first-ever started Tata airlines with a capital investment of 3000$ (2 lakh rs). It was the first-time J.R.D Tata himself flew between Karachi and Bombay in Havilland Puss Moth (Air Craft), which had carried 25kg mail. In 1937 a regular service had been started between Delhi and Bombay which carried passengers as well as postcards.
In 1946, because of a separation of palatial property between two sons, then it became a public-private limited company under air India. In 1948 after the independence of India, 49% of the airline acquired by Govt. of India. After that air India start giving international services from India as designated flag carrier under the name Air India International. In 1960 Air India International entered the Jet Age. On 8th June 1962, airline's name was officially truncated to ''Air India'' and then In 1994, it was registered as Air India Ltd.
As time went off air India made so many transformations like an employee, organization, and management system henceforth air India awarded as a corporate and social service provider Trusted Brand award and Best Airline award. After few years Air India had faced huge financial crises. During 5 years of recession, air India almost deteriorated partially and made a loss of 10 billion rupees and amassed 38 billion rupees in debt. It had also employed 18,000 staff, which at over 700 workers/plane double the industry standard. To save Indians pride management tie-up with Lufthansa, Delta, and Air France. This deal was expected to rose $2.5 billion because of that air India got benefits of 90 routes but they could not take benefits of that. The reason behind was that Air India had only 27 air crafts they even could not purchase more because they running in debt of 70million$.
In 2007 Govt. of India announced the merger of Air India (along with Air India Express) and Indian Airlines (along with alliance air) to form NACIL (National Aviation Company of India Ltd.).Arvind Jadhav was the chairman and managing director of Air India. They thought this move would help the cash-strapped national carrier which suffered losses to the tune of 5551 crores (2009-10) and Rs. 7189 crore (2008-09), to reduce its administrative cost, cost of billing, ticketing, and other services.Factors responsible for the failure of Air India
- Rising fuel prices.
- Secondly, the merger with Indian Airlines put a scar and a loss of Rs 7200 crores. This merger caused several challenges for survival in front of Air India. Air India took a loan of US $ 534 million from the Indian government to fulfil its losses.
- Staff strength was roughly three times what an airline of its size.
Hope Indians pride won't wear incoming while.
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