On Civil Aviation scene in India, I am reminded of this famous quotation "It
was the best of times, it was the worst of times, it was the age of wisdom, it
was the age of foolishness, it was the epoch of belief, it was the epoch of
incredulity, it was the season of Light, it was the season of Darkness, it was
the spring of hope, it was the winter of despair, we had everything before us,
we had nothing before us, we were all going direct to heaven, we were all
going direct the other way" from Charles Dickens, A Tale of Two Cities
English novelist (1812 - 1870)
This is a classic scenario of history repeating itself. The blood bath that we
are witnessing now in India happend earlier in the United States of America
between 1978-1986 when the Airline Industry was deregulated there. An
article from the TIME MAGAZINE sums this up very well.
Alfred E. Khan, who is widely viewed as the father of Airline Deregulation
said in an interview that "Instability is the price we pay for competition". In
his seminal book on the Deregulation in the Telecommunication and
Aviation Industries in the U.S. "Lessons from Deregulation -
Telecommunications and Airlines after the Crunch" Kahn chronicles the
history of Airline Deregulation in the U.S., its inception and aftermath
No comments:
Post a Comment