India’s biggest domestic airline, Indigo, commanding half the domestic aviation market share, recently posted its fifth consecutive quarterly loss of over Rs 1,100 crore. One of the fastest-growing pre-pandemic airlines, Spicejet has completely eroded its net worth. The Wadia family-backed GoAir (rechristened Go First) has hit the market to raise funds to sustain the airline.
Tata-backed Vistara has deep pockets to dig into if the dire forecasts for 2020-21 continue. The rebirth of Jet Airways under new owners is still being talked of in hushed voices. Air India’s privatisation