Looks like Indian Airlines from Govt. to private are all in trouble and broke. Jet Airways will probably go bankrupt, can't may salaries, fly planes and Govt. has asked Tatas to buy it.
Indigo reported loss and Spice Jet and others in hard time too.
And lets not talk about perpetual parasite and Babu Airline AirIndia.
The biggest and latest trouble is sky high taxes our Delhi Netas charge on fuel. When oil prices collapsed in 2014, Netas and Babus who were all about "market price is good", decided steal that price gain from consumers and instead hiked fuel taxes greatly for Govt. Budget. Now that price has recovered and rupee has fallen too(which our Delhi netas deeply wanted), consumers including airlines in deep trouble and want tax cuts but the Govt. is already bankrupt and can't cut. So its a stalemate.
Its so bad now they can't even pay fuel bills and want unsecured credit from Govt. owned oil companies. Here.
The question as I said before is who goes bankrupt first. The airlines first or Govt. and Airlines together. I bet is on second one.
Indigo reported loss and Spice Jet and others in hard time too.
And lets not talk about perpetual parasite and Babu Airline AirIndia.
The biggest and latest trouble is sky high taxes our Delhi Netas charge on fuel. When oil prices collapsed in 2014, Netas and Babus who were all about "market price is good", decided steal that price gain from consumers and instead hiked fuel taxes greatly for Govt. Budget. Now that price has recovered and rupee has fallen too(which our Delhi netas deeply wanted), consumers including airlines in deep trouble and want tax cuts but the Govt. is already bankrupt and can't cut. So its a stalemate.
Its so bad now they can't even pay fuel bills and want unsecured credit from Govt. owned oil companies. Here.
The question as I said before is who goes bankrupt first. The airlines first or Govt. and Airlines together. I bet is on second one.
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