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Corporate Governance Report: Airline Industry

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Corporate Governance Report: Airline Industry

Group 4
Atul Kohli 13PGHR10
Bandi Vishnu Vardhan Naidu 13PGHR11
Ishaan Batra 13PGHR19
Shreya Mundra 13PGHR46
Soubhranshu Chopra 13PGHR48
Swati Mahajan 13PGHR55
Acknowledgement

Executive Summary

Corporate Governance

Corporate Governance is defined as a set of systems, processes and principles which ensure that a company is governed in the best interest of all stakeholders. It deals with conducting the affairs of a company such that there is fairness to all stakeholders and that its actions benefit the greatest number of stakeholders. Corporate Governance is the system by which companies are directed and controlled. It is about promoting corporate fairness, …show more content…

There is large untapped potential for growth due to the fact that access to aviation is still a dream for nearly 99.5 per cent of its population.
The Indian civil aviation industry is on a high growth trajectory, albeit with minor hiccups. The industry has ushered in a new wave of expansion driven by Low Cost Carriers (LCC), modern airports, Foreign Direct Investments (FDI) in domestic airlines, cutting edge Information Technology (IT) interventions and a growing emphasis on No-Frills Airports (NFA) and regional connectivity.
The Indian civil aviation industry is amongst the top 10 in the world with a size of around USD 16 billion. This is a fraction of what it can actually achieve. In view of the enormous growth prospects of air traffic and substantial investment projections, Indian aviation market offers significant long term opportunities for global aviation players. Indian Government and industry are already working together closely. This partnership will be further strengthened and play a critical role in improving regional connectivity and promoting sustainable development of the civil aviation sector in the …show more content…

The organization remains committed towards protection & enhancement of the overall long term value for all stakeholders which include customers, employees, lenders and the society. The organization also acknowledges & appreciates its responsibility towards the whole society & has embarked on various initiatives to accomplish the same.
The company has tried to achieve these objectives by adoption of competitive corporate strategies, prudent business & corporate plans & policies, risk mitigation & strategic monitoring while creating several balances & checks in the company that value people, equity, propriety & fair play. The organization follows sound business practices while conducting its business in a transparent way.
Vision: To be the leader in Indian Aviation industry and be India’s ambassador to the entire world
Mission:
Leadership
• Customer: o Safe, reliable and on-time services o Deliver highest quality of service o Epitome of Indian hospitality
• Processes o Continuous improvement of safety & efficiency

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