The current government will never indemnify any investor.
Which capitalist market or govt will compensate an investor? Care to point out?
They extensively use so-called autonomous agencies to arm-twist businesses. Dusting off cold cases or filing new cases without statutory limits is a common practice. Case on Tony Fernandez is one such example. DGCA, GTF investigation is another.
If it is true, I think it's not fair. But
1) Is this the only government in Indian history which might have done it?
2) Should the current government not investigate anything? Or just do what fancies you?
Also, the revival of Jet will hurt Ajit Singh more than anyone else. Not going to happen.
More conspiracy theories just because you are devastated that the Indian electorate choose not follow your direction.
If you want to constantly bring in your utter dislike for the current govt., it's leader, the community he is from, etc. on this thread ... better look into Indian Politics Mega thread in Non-Aviation.
Aarbee - the indemnity is about coming after the new owners for potential wrong doings of NG. That is totally normal. In the US you wouldn't need the govt to indemnify you because the laws give you work arounds (to a point). Hindujas clearly feel that Indian laws do not protect them, so they are asking the govt for indemnity.
Ok. So it is about liability issue. Even so, why should the govt. do it. It will create a seriously bad precedence. Somebody will start company, loot investors, give up, brother comes in as new investor without liablity, and the circle will go on.
Can I ask why you get so passionate if people are not happy with the way things are handled re Jet? It is just their opinion. None of us work for an airline (that we know of - not counting the intern). Maybe one or two of us have admitted to being aviation consultants. But why are all the posts so aggressive against people. If you disagree with them, either correct them or ignore them. Look there seem to be two camps here (1) Those that lament Jet's closing and who cannot understand why Indian laws / banking rules don't allow the pieces of Jet to be sold to another owner and (2) those that feel Jet should die where die doesn't mean their current investors getting nothing it is where die means all the spoils of Jet should be given away. Both sides seem to agree the NG was a bad manager and deserves to be out.
I'm in neither camp. I have being silent for the longest time and more content with getting updates in civil aviation, Indian CA, 9Ws blow up, in that order. It's absolutely fine to discuss opinions. Let the GOI check if there is some connection between long time UK residents (Hindujas and Goyals)
What I see is 2 sets of people (person) who are in your camp 1
1) Who want to promote their political agenda in Civil Aviation and using 9W issues as a tool
2) Who are extremely upset about 9Ws implosion and using anything and everything including : politics, having NO basic minimum understanding of India and unnecessarily berating India (I'm NOT at all of the opinion that it is above criticism), comparing to NK, throwing a fit because NG was off loaded, showing the maturity of a 3rd grader by continuously misspelling Indian PMs name to bring politics in here, accusing of hatred, making fun of looks of civil aviation, I know better than EXIM bank, etc. etc. (List is endles)
So just because I argue against that doesn't make me of camp 2. I don't despise NG. NG at the end of the day was instrumental in changing the face of Indian .
aviation. Too bad his ego and at the end played his hand so bad that it's impact was not only on passengers also to their loyal employees.
So if you agree with the above, then what is there to get so emotional. I would have been happy if say Vistara would have bought Jet's BOM opperations. The banks would have made money and Vistara would have been up and running with a nice hub. But yet I am a Jet lover. On other threads people would not describe my opinion as a lover of the failed airline. In the Jet case we have the added option of just giving away a lot of the value of Jet. Most situations with other airline failures don't have this option. So in reality no one here is a Jet lover. It is really between maintain a BOM hub airline vs destroy it.
I love aviation and happy to see the progress of Indian aviation. But, as I said in the Indian aviation thread, thats where we differ. Since you are BOM centric (don't consider this as a personal attack) your thoughts, opinions and preferences are BOM/9W centric, which is completely fair. But at the same time the growth and state of Indian aviation is not just BOM/9W. The fact that:
- There are direct flights Indore-Nagpur, Bengalaru-Udaipur.
- Guwhati people have 2 options to travel to Jaipur and in under 5 hours.
- Amritsar and Goa has direct connections to Doha and beyond
- Lucknow residents can travel to Bangkok.
without going to BOM and not using 9W shows me the progressive state of Indian aviation.
Vistara can originally and efficiently grow based on their two promoters, without changing their business plan because of 9W demise.
Indian aviation can survive without BOM hub and it's former hub airline.