Jet Airways bankruptcy and rebirth 2.0
#151
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I'm not getting a good vibe on this... lessors are really concerned now. This looks more and more like the airline is going to fail...
#152
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The lessors have a lot to lose, so if they are now convinced they will bail out en masse. !
#154
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#155
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#156
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
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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.
#157
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#158
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They're certainly not too big to fail. But there's a lot ridding on them not to.
#159
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i've got a few flights with 9w in april....luckily the tickets have been bought through delta so they should be able to put me on another flight in case the 9w sectors get cancelled....
#160
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#161
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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.
They're certainly not too big to fail. But there's a lot ridding on them not to.
#162
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OTOH a failure of 9W would instantly increase revenues for AI and improve Indigo and cos cash flow. The jobs are not a big factor, the cabin and flight crew will instantly find a home in the current market. The consumers are already going for the LoCos, who have massive growth planned and need the customers.
Also, revenue has never been a problem for AI. They have always priced tickets at the rates they've wanted to and have fairly high occupancy. I think they could charge J rates in Y and still make losses in the millions.
#163
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This reminds me of my school/college days when we used to deny ever borrowing money from our friends when it came time to repay them.
Not saying thats what 9W is doing. The way the events are unfolding reminds me of that.
#164
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I can't risk it. I just canceled a Jet flight BLR-AMS. Rebooked with KLM BOM-AMS.
#165
Join Date: Feb 2007
Location: YHZ. Previously YYC
Posts: 1,918
While this is a great idea in theory, and I'm not looking for sympathy here, but I just can't afford it.
I need a one-way ticket from Amsterdam to Canada, and one way tickets are expensive enough, let alone a flex fare.
However, if Jet fails, then I could be out just as much money anyway to buy a last minute ticket.
So, lose-lose. I'll just try and stay positive and hope all works out.
I need a one-way ticket from Amsterdam to Canada, and one way tickets are expensive enough, let alone a flex fare.
However, if Jet fails, then I could be out just as much money anyway to buy a last minute ticket.
So, lose-lose. I'll just try and stay positive and hope all works out.