The question that appeared before most of Corporate India on monday is: how has Jet AirwaysNSE 6.12 % managed to remain afloat until turbulence hit it hard forcing its once formidable owner Naresh Goyal to be a minority shareholder in his erstwhile company?
In 26 years of existence, it survived a number of rough patches but managed to come out of the troubled water, but thus far only.
Jet Airways is troubled by debt, unpaid salaries and a grounded fleet whose rentals have not been paid. As the government steps in to keep it going through bankers cum-owners, the question is: how did it manage for most of these years?