Jet collapse not so rare, market will keep maturing: Analysts

NEW DELHI: India’s aviation market is poised to grow and become “sophisticated” in the next five years, with its sustainability unaffected by the grounding of Jet AirwaysNSE -8.33 %, the country’s biggest private sector carrier, analysts said.

The Jet Airways crisis can be attributed to the advent of “efficiently run” low-cost carriers (LCCs) and is not unique because many legacy carriers in other countries have shut down, analysts told ET during the IATA annual general meeting in Seoul last week.