{"id":269807,"date":"2019-04-20T05:23:53","date_gmt":"2019-04-20T05:23:53","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=269807"},"modified":"2019-04-20T05:23:53","modified_gmt":"2019-04-20T05:23:53","slug":"grounding-of-jet-airways-kingfisher-casts-doubt-on-india-aviation-boom","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/grounding-of-jet-airways-kingfisher-casts-doubt-on-india-aviation-boom\/","title":{"rendered":"Grounding of Jet Airways, Kingfisher casts doubt on India aviation boom"},"content":{"rendered":"<p>Jet Airways India Ltd, the second local carrier to ground its entire fleet in the past decade, is casting a shadow on India\u2019s booming aviation sector.<\/p>\n<p>Once the nation\u2019s biggest airline by market value, Jet Airways\u2019 shares nosedived by a record 31% on Thursday in Mumbai after saying it would suspend operations on a \u201ctemporary&#8221; basis as it ran out of money. A severe cash crunch had pushed Vijay Mallya\u2019s indebted Kingfisher Airlines Ltd to ground its planes in 2012. Kingfisher Airlines never flew again and Mallya is still fighting his extradition to India from London.<\/p>\n<p>India\u2019s aviation sector is an investment conundrum: it\u2019s the world\u2019s fastest-growing aviation market that has seen 54 consecutive months of double-digit percentage passenger growth and yet it\u2019s notoriously difficult to make money in. As lenders to Jet Airways race to find an investor for the debt-ravaged airline, suitors will weigh the sector\u2019s prospects against India\u2019s high jet-fuel prices and a crushing fare war worsened by the entry of no-frills carriers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jet Airways India Ltd, the second local carrier to ground its entire fleet in the past decade, is casting a shadow on India\u2019s booming aviation sector. Once the nation\u2019s biggest airline by market value, Jet Airways\u2019 shares nosedived by a record 31% on Thursday in Mumbai after saying it would suspend operations on a \u201ctemporary&#8221; basis as it ran out of money. A severe cash crunch had pushed Vijay Mallya\u2019s indebted Kingfisher Airlines Ltd to ground its planes in 2012. Kingfisher Airlines never flew again and Mallya is still fighting his extradition to India from London. India\u2019s aviation sector is [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-269807","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=269807"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269807\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=269807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=269807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=269807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}