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Kingfisher, Jet Airways, Go First: key lessons from the death of India’s private airlines
Synopsis
Failure of airlines put a permanent blemish on the reputation of their promoters. But what really matters is the magnitude of damage such incidents cause to stakeholders and taxpayers. Detecting weaknesses well in advance and taking corrective measures to prevent collapses is the only solution.
Around a decade-and-a-half back, at the world’s largest biennial aviation trade fair, the Paris Air Show, plane maker Airbus had organised a gala event for top airline executives. In attendance were Jet Airways’ founder Naresh Goyal and Kingfisher Airlines’ Vijay Mallya. As Mallya reached the luxurious chalet, he noticed that a placard with Goyal’s name was placed on a table in the front row while he had been given a seat just behind it. Without
( Originally published on Sep 18, 2023 )
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