To the uninitiated observer, the recent announcement of India’s civil aviation regulator that domestic airlines had registered growth of 2.62% in the first five months of 2019 in comparison to 2018 may suggest cloudless skies. The reality though is that India’s aviation sector is a bird flying with at least one damaged wing. The causes are many and include bad policy, slipshod regulation and slippery entrepreneurs. Sadly now, many of these ills are coming home to roost.
Recently, the promoter of the now-grounded Jet Airways, Naresh Goyal, was asked by the Delhi High Court to deposit Rs 18,000 crore (USD 2.63 billion) that the airline owes to banks and others if he wanted to travel out of India –the final humiliation for a man who had once soared majestically over the world’s skies.
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