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December 8, 2023 732 0
Air Transport: Fast, Costly, Preferred for Long Hauls
Air transport has brought about a connectivity revolution in the world. Air transport is the fastest means of transportation, but it is very costly. It is preferred by passengers for long-distance travel. Valuable cargo can be moved rapidly on a world-wide scale.
Open Sky Policy To help the Indian exporters and make their export more competitive, the government had introduced an Open Sky Policy for cargo in April 1992. Under this policy, foreign airlines or association of exporters can bring any freighters to the country. |
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Strategic Disinvestment Milestone:
The Air India strategic disinvestment transaction has been completed with the Government receiving a consideration of Rs 2,700 crore from the Strategic Partner (Talace Pvt Ltd, a wholly owned subsidiary of Tata Sons Pvt Ltd) in 2022.
Major Airports |
History of Indian Airlines
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Also Read: Evolution of Communication System: Drums to Satellites & Connecting the World
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