Airlines may get foreign cousins to invest in local struggle

The recent media reports state that the loss making airlines abroad are very keen to share their financial failure with their Indian counterparts.
Is this a private equity placement game where financial professionals are paid by the size of the deals they strike; hence do not mind investing a few million dollars or euros in an airline, which is not likely to recover it at any time?
Captain Gorur Ramaswamy Gopinath had brought up his dream low cost airline Deccan Airways to ferry poorest of the poor farmer women who went to neighbouring cities to sell their produce in wicker baskets. He had to leave his dream unattended when the investor came in.
Now his strategy to connect more airports than the state run airline has been shelved and most remote airfields have been dropped from Kingfisher Red network. Similarly, Siddharth Sharma had nurtured India's most profitable and efficient airline in Spicejet but had to step down when his airline's investor came in.
In the United States, airlines have just about survived owing to the government dole being handed out to them. The whole industry was about to go belly up just after the sub-prime crisis. The United States government made it walk, with life giving shots.
11/07/10 Debasish Roy/Economic Times

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Categories: Foreign Jul 2010, Indian Aviation- In General Jul 2010