Grounding of Jet Airways
After Government of India nationalised Air India by acquiring majority stake from Tata sons and formed Indian Airlines by taking over amalgamating the other domestically operating carriers in India we had domestically Indian airlines and internationally Air India since 1953. Initially they have done very well with JRD Tata at the helm of affairs of Air India as chairman till 1977 and also as a director on the board of Indian airlines. As is the case with most of the public sector enterprises deterioration started in these enterprises as well with undue political interference inefficiency and corruption. In 90s once the Indian government started opening up the economy to private sector aviation sector was also one among them. Thus in early 90s came number of private airlines Modi luft , damaniya ,nepc and the Jet Airways. Most of them folded up within few years .Out of the early birds it is Jet Airways which kept on flying till a few d...