Jet Airways To Shut Down Following Failed Funding

Another one bites the dust.

cheap flights within the indian subcontinent apparently are insuficient to support a designated low cost airline. Tough to change the frugality of the indian populace.

there is more losing here than first noted: the leasing companies have to forclose on equipment while their revenue stream is interupted, pilots were not paid for three previous months, other employees were not paid nor were the fuel suppliers. As the company went through its death strangle, it shed aircraft to forclosers and employees to furlough. If the owners and so-called promoters siphoned cash on the way out they would be subject to Indian criminal law, to trial and imprisonment.