@fullforward
Something very intriguing: why 70% of India international air traffic (I mean 70% of international passengers traffic) are made by international operators?
1. Because this is a Sunrise sector
2. Because various restrictions have been imposed (in my opinion) to protect a company that had already established and distinguished itself since its inception in 1993.The first restriction is to do with the mandatory 5 years of operation before international exposure.The second restriction is to do with the equity required for a start up.Jet Airways had distinguished itself as a market leader in the country and it is only fair that it was given a headstart in international operations due to merit.It is precisely such smart thinking and good regulations that kept Indian banks immune to the onslaught last year.Strange Country….Sure, but a smart one!
Domestic operations accounted for only 44 per cent of its revenues in the last Quarter.
If you are referring to Jet Airways as the airline Indians should be proud of ,you should also know that they posted a profit last quarter.Are you trying to make us believe that Jet Airways is the only company in the world that struggled in the last few years.Why forget companies in Europe and America.
Kindly do your own research on what happened to Air India; the erstwhile Maharaja of India.How it was taken over by the government ? And why it was taken over from Tata? Since you have proved that your knowledge about this country is dismal,take that as a homework.
Yours Kindly