Indian airlines face risk of extinction as Modi govt refuses to rescue them

The Print | Jul 1, 2020 at 5:29 AM
  • With two-cent airfares, high fuel costs and taxes, India’s aviation market already was one of the toughest around.
  • Airlines suffered a total collapse in demand from March 25 to late May as India banned commercial passenger flights as part of its virus lockdown.
  • Tata Group, India’s biggest conglomerate, owns majority stakes in Vistara and AirAsia India Pvt Ltd., while Wadia Group — a family business empire — owns GoAir.