Tax structure a reason for Jet Airways fall: Ajay Singh, SpiceJet chairman
SpiceJet chairman Ajay Singh has replaced Jet Airways’ Naresh Goyal on the board of governors at IATA — an achievement, considering his carrier joined the airline group only three months ago. On the sidelines of IATA AGM in Seoul, Singh told Mihir Mishra that Jet’s demise should be a wake-up call for the Indian aviation industry reeling under high costs, which makes business unsustainable in the long-run. He expects the new government to address those concerns. Edited excerpts:
India has returned the same government to the Centre, which is aware of the problems with the sector. What are your expectations from the government?
