Wednesday, May 01, 2019

Crisis in Jet explodes myths over aviation

The simplistic inference to be drawn from the financial decay of Jet Airways is that a private sector airline can run into debt due to mismanagement in the same way that Air India/Indian Airlines can in the public sector. This is not then a justification of the bad ways of the AI/IA. The malfunctioning of the national airline is partly due to bureaucratic ineptitude and political profligacy, but it is also due to inherent economic factors as well. And this holds good in the case of private airlines as well. That is, a private airline can land in trouble because of bad management as well as the inevitable market risks.

The crash-landing of private airlines like Jet Airways and Kingfisher is the norm of the market across the world - explains Parsa Venkateshwar Rao Jr >>

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