With the opening up of the Indian aviation sector, there are opportunities for the taking Over most of the last two and a half decades, the aviation sector world-wide, has substantially moved away from government control and ownership towards deregulation and private ownership. The origins of this trend can be traced back to the deregulation of the U.S. airline industry in the late 1970s, which led to lower fares and higher improved productivity of assets and capital. This transformation also subsumed another trend of privatization of government owned airlines designated by a country's government to operate international air services to and from that country as evidenced in Australia (Qantas Airways), U.K. (British Airways), Germany (Lufthansa) and Japan (Japan Airlines).