FlyerTalk Forums - View Single Post - SpiceJet Fails to Lure Investor as Debt Mounts
Old Apr 1, 2014 | 7:35 am
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hyho61
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Originally Posted by Keyser
i don't think so....indigo seems to be pulling in a profit despite being in the same sector as spicejet....
I disagree. There are too many players. India should have opened for foreign investment in existing carriers only. Jet airways has not posted a profit in many years, AI is continuing to bleed, Go Air is losing money. Only Indigo, with its heavy schedule is making it. Then you have Air Costa, which is a startup, but looking very similar to another failed airline, Paramount.
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