Jet Airways collapse was a reflection of challenging environment in India: IATA
New Delhi: The collapse of Jet AirwaysNSE 5.00 % was a reflection of the challenging environment in the country, including high operating costs and a regulatory regime that restricts the ability of airlines to operate as normal commercial businesses, according to the IATA.
The full-service carrier, which flew for nearly 26 years, suspended flights on April 17 last year after running out of cash for its daily operations. Apart from creating a significant capacity shortage in the country’s aviation sector, the grounding of the airline impacted thousands of jobs.
