The Big Story

Deep blues

There are more fliers than ever before so why is the aviation sector stressed? The descent of Jet Airways provides a handy clue to what ails the sector

AP

On April 17, Jet Airways announced that it was suspending all its operations since lenders rejected its plea for an interim funding of Rs.9.83 billion. For the airline that was battling a severe cash crunch, it was the final nail in its coffin. “I hate to say it, but has his own karma caught up with him?” says Jitender Bhargava, former executive director of state-owned Air-India, at the turn of events at the country’s most coveted full-service carrier (FSC) brand Jet Airways.