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State-run Indian airlines to merge operations

State-run Indian airlines to merge operations
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First Published: Fri, May 11 2007. 03 26 PM IST
Updated: Fri, May 11 2007. 03 26 PM IST
By AFP
New Delhi: India’s two state-owned airlines, international carrier Air India and domestic carrier Indian, are to merge operations from 15 July, a civil aviation ministry spokeswoman said on 11 May.
The two airlines will be run by a new company--the National Aviation Company of India Limited, the spokeswoman said with the process of combining routes and schedules that has already started.
The total process of merging the companies is expected to take three to four years. The aim of the merger is to create an airline capable of taking on fierce competition in the burgeoning deregulated Indian aviation market and in the international aviation market as well.
Seven new carriers have sprung up in the past four years in India’s liberalised skies, one dominated by the state-run airlines and another five have applied to take off.
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First Published: Fri, May 11 2007. 03 26 PM IST
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