Jet Airways collapse was a reflection of challenging environment in India: IATA


The collapse of Jet Airways was a reflection of the challenging environment in the country, including high operating costs and a regulatory regime that restricts the ability of airlines to operate as normal commercial businesses, according to the IATA.

The full-service carrier, which flew for nearly 26 years, suspended flights on April 17 last year after running out of cash for its daily operations. Apart from creating a significant capacity shortage in the country's aviation sector, the grounding of the airline impacted thousands of jobs.

"The collapse of Jet Airways was a reflection of the challenging environment in India - high operating costs, including infrastructure and fuel, a highly competitive domestic airline market, and a regulatory regime that restricts the ability of airlines to operate as normal commercial businesses," Albert Tjoeng, Assistant Director for Corporate Communications (Asia Pacific) at IATA, said.

His comments came in response to queries from related to Jet Airways completing one year of closure.

Jet Airways was a member of the International Air Transport Association (IATA). Currently, it has around 290 airlines as members.


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