Why Taxpayers May Have to Fund Jet Airways Bailout Whether They Like It or Not

Why Taxpayers May Have to Fund Jet Airways Bailout Whether They Like It or Not
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Why Taxpayers May Have to Fund Jet Airways Bailout Whether They Like It or Not
If the shareholders of Jet Airways approve the latest bailout plan on Thursday, India could soon have two state-owned airlines
Air India, which is wholly owned by the government, is already guzzling taxpayers’ money each year as this inefficient airline struggles to survive in a fiercely competitive market
Jet has been India’s second largest airline in terms of passengers
For some months now, it has been inching towards a collapse due to unmanageable debt (more than Rs 8,000 crore) and missed repayments

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