India’s aviation crisis is all about too big to tame

India’s latest aviation fiasco — about 3,000 flights cancelled since last week — has exposed the ill effects of leaving two-thirds of a fast-growing market in the hands of a single player and allowing it to become not just too big to fail, but also too big to tame.

InterGlobe Aviation Ltd., which operates IndiGo, has told the regulator that the mass cancellations were a result of multiple factors, including implementation of stricter regulations on night flying and weekly rest for pilots.