Jet airways crisis
Jet airways crisis explained in brief – - Its 24 per cent owned by Abu Dhabi’s Etihad Airways - Owes Rs. 8,000 crore to lessors, suppliers, pilots and oil companies - Lenders searching for new buyers Reasons – - Buying of Air Sahara in 2006 for 500 million dollars - Underestimating the competition from - IndiGo, SpiceJet and GoAir as they were offering lower prices and better routes. - Naresh Goyal’s management style was questionable - Fluctuation in global crude oil prices - ...