Originally Posted by
oliver2002
Sorry but why should the government step in? Clearly Jet has lost touch with the market and can't compete with the loco on the low end and vistara on the high end. It's not too big to fail.
I don't think the govt. will infuse funds but use their leverage with SBI and other nationalized banks and other tools to push for a deal to go through. Jet failing isn't a good scenario for anyone. For consumers it will mean costs will spiral. There will be loss of confidence in the Indian airlines sector (not good right before the elections), loss of jobs, financial losses all around etc. etc.
They're certainly not too big to fail. But there's a lot ridding on them not to.