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...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures