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The civil aviation industry in India has changed dramatically over the last decade. Until 1991, the Indian civil aviation industry was a state monopoly, dominated by Air India and Indian Airlines. The Indian government introduced the open sky policy for domestic players in 1991 and partial open sky policy for international players only in November 2004. The industry is still highly concentrated with three players controlling more than 50% of the market. However, increasing liberalisation and deregulation has led to an increase in the number of players. The industry comprises three types of players—full cost carriers, low cost carriers (LCC) and many start-up airlines that are making/planning an entry. By 2010, I believe the aviation industry will have consolidated significantly.
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