Taxpayer funds have forever funded Air India’s – or government’s – inefficiencies and probably would now be stretched to funding Jet’s operations under the new management by state owned banks. State owned banks together with other government entities will now own more than 50% in Jet; the government already owns 100% of Air India and both the airlines are heavily indebted besides piling up losses. State-Run Banks On a Tight Rope Due to Jet Airways
Taxpayer funds have forever funded Air India’s – or government’s – inefficiencies and probably would now be stretched to funding Jet’s operations under the new management by state owned banks. State owned banks together with other government entities will now own more than 50% in Jet; the government already owns 100% of Air India and both the airlines are heavily indebted besides piling up losses. State-Run Banks On a Tight Rope Due to Jet Airways
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