INTERNATIONAL COMPETITION IN AVIATION: AN ANALYSIS

Abstract

The role of aviation sector and its significance is highlighted in this research paper. The impact of competition on the aviation sector is examined. In India, no such specific legal framework is there that is concerned with the competition in aviation sector. However, certain rules and regulations as provided in the Aircraft Rules of 1937 and the Competition Act, 2002 that are dealing with the competition in the aviation sector are described. Certain factors that are resulting in the competition in aviation sector like globalization, increase in domestic property, deregulations and “open skies” policy, mergers and acquisitions and liberalization policy are discussed. The Convention on International Civil Aviation and its impact on aviation sector, formulation of regulations in the aviation field, International Civil Aviation Organization, relation between different nations is analysed. Some International Organizations that are associated with aviation sector are described. The objectives of these organizations are also highlighted. Analysis of Indian Civil Aviation and the case study of Air India is performed and the reasons behind the occurrence of losses in Air India are also explained.