In the past decade, the Indian aviation industry has emerged as the 9th biggest aviation industry in the world. However, high taxes and slow pace of regulatory reforms have adversely impacted the growth of this industry.
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Air One to enter Indian domestic aviation sector
Nowadays, Indian domestic aviation industry is seeing increased interest from private entities. The aviation industry is abuzz with the entry of Tata-SIA and AirAsia into the Indian aviation market. Now, Air One has sought licence from the Ministry of Civil Aviation to start a scheduled airline.