The collapse of Jet Airways is a setback to Indian aviation. For 25 years, it’s been India’s finest airline and a respected brand. Its lenders are right in trying to find a buyer to recover money, and rescue it. They need support, now that Naresh Goyal has withdrawn his bid.
With Navjot Singh Sidhu, the EC has one more leader to bar
Navjot Singh Sidhu is not exactly known for his economy with words or finesse with language. But even by his standards, his call to Muslims to unite behind Congress not only crosses the line but also hurts his party. The Election Commission has one more leader to bar from campaigning.
Was Shri Naresh Goyal mismanaging Jet, siphoning off large sums of money ? He was dictating civil aviation policy for a long time, that may have involved osmosis between personal and corporate resources. However – with or without electoral bonds – that is a compulsion all Indian businessmen face. If we judge the man by the product / service he provided, I don’t think replacing Mr Goyal will solve the airline’s problems. There is a very real risk no serious buyer will emerge. The banks have no appetite to increase their exposure. Not a story that should be playing out on TV screens amidst the election campaign when the state of the economy is a major concern.