This document discusses the advantages and disadvantages of air transport. It provides an overview of air transport and how it is regulated in India. The key advantages are that air transport is the fastest mode of transportation, has minimum infrastructure costs compared to other modes, and is useful for transporting valuable or perishable goods over long distances. The main disadvantages are the high operational costs which make it inaccessible to many, safety risks associated with accidents, and the huge capital investments required to build and maintain airports and aircraft.