March 1953, the Indian Parliament passed the Air Corporation Bill, which was legislated into an act in May of the same year. The objective of the act was ‘to provide for the establishment of air corporations, to facilitate the acquisition by the air corporations of undertakings belonging to certain existing air companies and generally to make further and better provisions for the operations of air transport services.’13 With the enactment of the act, all licences granted for scheduled operations under the Indian Aircraft Act 1934 ceased to be valid.
