Mumbai: It has been a month since debt-laden Jet Airways, once the biggest private carrier in the country, has stopped all flights on April 17 after its lenders refused to give it any more funds to keep the carrier flying.
However, there is little hope of a credible investment or emergency funding plan before the company. This has had an adverse effect on the company as well as the aviation industry.
Here are the five ways Jet Airways’ crash landing hit the industry.
Jet Airways' stopping of operations has crippled the aviation market and made ticket prices costlier, particularly those booked closer to the travel date or on the date of travel. This makes flying less appealing for the price-conscious customer. But this might be a short-term impact as other carriers will in the long run meet the gap in capacity.
The crisis in Jet Airways has put around 20,000 jobs at stake, after airline on April 17 cancelled all flights, including its international flights, leaving Jet employees high and dry. Staff including cabin crew, pilots, air hostesses and engineers were trying to find jobs elsewhere.
Amid lenders struggling to find a suitor, the cash-starved carrier also lost its three senior executives – Vinay Dube, Amit Agarwal and Kuldeep Sharma -- while a source said the carrier's Chief People Officer Rahul Taneja has also put in his papers.
17/05/19 Asian Age
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However, there is little hope of a credible investment or emergency funding plan before the company. This has had an adverse effect on the company as well as the aviation industry.
Here are the five ways Jet Airways’ crash landing hit the industry.
Jet Airways' stopping of operations has crippled the aviation market and made ticket prices costlier, particularly those booked closer to the travel date or on the date of travel. This makes flying less appealing for the price-conscious customer. But this might be a short-term impact as other carriers will in the long run meet the gap in capacity.
The crisis in Jet Airways has put around 20,000 jobs at stake, after airline on April 17 cancelled all flights, including its international flights, leaving Jet employees high and dry. Staff including cabin crew, pilots, air hostesses and engineers were trying to find jobs elsewhere.
Amid lenders struggling to find a suitor, the cash-starved carrier also lost its three senior executives – Vinay Dube, Amit Agarwal and Kuldeep Sharma -- while a source said the carrier's Chief People Officer Rahul Taneja has also put in his papers.
17/05/19 Asian Age
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