Defence Monitor

Indian airline sector

Indian airline sector on to a smooth flight despite air pockets

Indian airline sector on to a smooth flight despite air pockets

Chennai, May 21 (IANS) Taking off with much fanfare and crash landing has been the regular feature one sees in the Indian aviation sector ever since it was opened up. NEPC Airlines, Damania Airways, Jet Airways, Kingfisher Airlines, Deccan Aviation, Paramount Airways, are some of the several 'aya rams and gaya rams' or those who came and went. Not only did the airlines go down, they also took down the huge sums lent to them by the government owned banks as well as the investments made by public shareholders. It is a different matter that State Bank of India (SBI) had…
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