Efficient operations and financial performance are individual responsibilities of carriers, and the Government cannot interfere in their day-to-day operations, Civil Aviation Minister Suresh Prabhu said amid Jet Airways crisis and turbulent times of the domestic airlines industry.
In view of intense competition, rising costs, shortage of pilots and grounding of planes hurting many domestic carriers, the minister also said the government has been constantly responding to industry conditions and cited measures taken, including reduction in central excise duty on jet fuel to 11 per cent from 14 per cent.
Cash-strapped Jet Airways has been forced to ground planes, cancel flights and delay payments, including salaries to pilots, while Air India continues to grapple with financial woes. On March 25, the board of ailing Jet Airways cleared a debt resolution plan whereby lenders would take control of the carrier.
Against this backdrop, Prabhu said that each airline prepares its own business plan on the basis of its own market assessment and financial resources.
