NEW DELHI: Airline is a vital, but brutal industry. Many have entered this space, but very few have survived. In the past, we have seen the likes of Kingfisher, Jet and Air Deccan go belly up.
Even among those that have survived, one burns more public money than fuel, while another has filed for an initial public offering so that it can pay up its day-to-day fuel cost. Yet another, though alive, is losing market share rapidly in many quarters. The rest of them are raising huge sums of money from their promoters and lenders to fly through the crisis.
