Flying on a wing and a prayer
Ryanair is not alone in experiencing difficulties: across the world, numerous airlines are in varying degrees of trouble, writes Eithne Dodd
Jet Airways stopped carrying passengers last April. It was India’s oldest private carrier, and had more than 120 aircraft flying to almost 2,000 destinations.
The company began reporting a loss in March 2018. Between April 2018 and April 2019, about 60 per cent of its market value was wiped out and the chairman, Naresh Goyal, resigned.
On April 17, Jet Airways said in a statement: “Since no emergency funding from the lenders or any other source is forthcoming, the airline...
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply