India’s commercial air travel market, touted not so long ago as the world’s fastest growing, has fallen upon hard times and things aren’t going to get better soon.
Jet Airways has closed down with absolutely nobody coming forward with a proper bid to take it over. Before that the government failed to privatise the hugely loss making Air India. It continues to fly only on the political will of its owner.
All the three segments that make up India’s civil aviation sector are in trouble. With the demise of Jet Airways (strictly speaking it is currently comatose), the full service can is being carried by loss making Air India and Vistara, the Tatas and Singapore Airlines joint venture, which is yet to make any money.
