New Delhi: Amid Jet Airways facing turbulent times, Civil Aviation Minister Suresh Prabhu has made it clear that private airlines have to deal with issues facing them on their own and the government's role can only be at the policy level.
The minister's comments come at a time when the airline industry is grappling with tough times as high oil prices and stiff competition are crimping the profitability of carriers.
When asked about the current situation at Jet Airways, Prabhu said, "We are not aware about their position."
The full service carrier, which has been flying for over 25 years, is facing financial woes. Earlier this month, it also deferred the announcement of June quarter results. The airline's share price has taken a beating in recent weeks.
21/08/18 PTI/Times of India
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The minister's comments come at a time when the airline industry is grappling with tough times as high oil prices and stiff competition are crimping the profitability of carriers.
When asked about the current situation at Jet Airways, Prabhu said, "We are not aware about their position."
The full service carrier, which has been flying for over 25 years, is facing financial woes. Earlier this month, it also deferred the announcement of June quarter results. The airline's share price has taken a beating in recent weeks.
21/08/18 PTI/Times of India
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