Is Naresh Goyal’s Jet Airways going to shut down? No one has an idea. After putting up a brave face for months and saying the beleaguered airline would be revived, bankers seem to have had a change of heart. Now, they don’t seem to be convinced that throwing more good money after bad is a good idea. Has the bidding process gone awry, or are there actually any bidders? Again, no one has any clue. In the absence of any information from SBI Caps, everyone seems to be in the dark. And, with the number of flights reduced to a trickle, most potential investors are likely to have a rethink.
Amid all this confusion, customers and employees are suffering the most. Employees are stranded without salaries for months, and while some airlines like IndiGo are hiring, it is impossible to imagine that 18,000 to 20,000 people will be absorbed.
