The deregulation curse !
Deregulation of the airline industry in India has been a boon to the citizens of the country. Many of the current and future entrepreneurial startups will crash but the aviation sector is in its infancy. The second largest population in the world will need more aircraft to transport the wealthy middle class which is almost the population of the USA.
The coming years will consist of reconsolidation and the strongest will survive. There is also the possibilty of established foreign airlines with decades of experience who will be interested in tie -ups with indian airline companies.
The usage of non-indian pilots and management people could be a prelude of things to come.