More challenges ahead for Jet Airways
The Indian travel market has long been described as one of the most lucrative in the world, but even that may not be enough to save crisis-hit Jet Airways. The airline, burdened by over US$1b in debt, recently opened bids to investors, allowing them to own stakes in it. Etihad Airways, which already owns a 24% stake in Jet, is said to be one of the investors bidding for more shares. But analysts say there are still challenges ahead, even as Jet attempts to restructure. “The market offers enormous growth potential but it is extremely price sensitive and competition is intense. On top of this, airport and infrastructure [are] heavily constrained and fuel is made more expensive by a tax levy,” said John Strickland, director at London-based JLS Consulting. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-22/eap/more-challenges-ahead-for-jet-airways
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More challenges ahead for Jet Airways
The Indian travel market has long been described as one of the most lucrative in the world, but even that may not be enough to save crisis-hit Jet Airways. The airline, burdened by over US$1b in debt, recently opened bids to investors, allowing them to own stakes in it. Etihad Airways, which already owns a 24% stake in Jet, is said to be one of the investors bidding for more shares. But analysts say there are still challenges ahead, even as Jet attempts to restructure. “The market offers enormous growth potential but it is extremely price sensitive and competition is intense. On top of this, airport and infrastructure [are] heavily constrained and fuel is made more expensive by a tax levy,” said John Strickland, director at London-based JLS Consulting. <br/>
