Even after private airlines were allowed to re-enter the Indian aviation space in the early 1990s, State-owned carrier Air India has remained a constant in the sector, despite having its own share of ups and downs.
The airline is still reeling under a financial loss of Rs. 5,765 crore recorded in fiscal 2017.
Saving private airlines
With Jet Airways temporarily stopping its operations on April 10, the question being raised now is whether Air India is really required — given the price paid by the government to keep it afloat — while smaller players are forced to shut down with much smaller losses?
