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.
Thank you Aarbee I appreciate your response. My only quibble would be the 2 categories of people you put in my camp - both descriptions are very negative. Couldn't't you have taken the high road and not personally attacked people. I fit neither category. I am not extremely upset at Jet's downfall nor do I have a political agenda. So you could have added - lovers of FSC in India (unless you doubt my publicly stated motivation).
Apologies. I could have found a better word(s) instead of "your camp". Not only your personally stated motivation, based on your posts, I never thought to place you in either of the 2 categories.
Now to your BOM point - something has been lost in your and my back and forth. For some reason you see things as mutually exclusive. Meaning to support a BOM hub is innately to be against P2P routes between tier 2/3 cities. I have been consistent in my view that all profitable non hub routes should be kept. Also all essential P2P business routes should be kept (because you need them even with losses to serve your core premium clients). Never have I said these routes are not important nor that airlines should not try to develop them. Am I super focused on them - no. But I also believe they should be connected to major cities. Like any country a Tier 3 city usually wants to be connected to the capital, the financial center and the biggest city it is connected too (say CCU for the NE). Then you do small city to small city. India hasn't even connected big cites properly to small cities forget about small to small. So for me supporting hubs does not mean not supporting smaller cities. You keep bringing connecting small cities when I talk about BOM or DEL. It is as if to even discuss BOM/DEL means there is an attack being raged on tier 2/3 cities. There is not. But as others have said, I do also believe that Tier 2 and 3 cities all over the world see the best connectivity when you have strong local airlines (and typically strong hubs). Can Indian aviation survive without strong hubs, yes absolutely. Will it be world class, super profitable and thrive, probably not (and I only say that because of what we have seen the world over - but I admit, India could buck the trend - odds say it is hard). Frame our debate as hub vs p2p. That would be so much less personal and so much more accurate to our debate.
No I don't think that they are mutually exclusive. But somehow the strong emphasis on BOM in 9W debate has somehow being framed into "India, Indian aviation revolves around BOM", to the extant berate the non Indian Airlines and their operations.
WRT to what might be prevalent world over (which in some cases is not true) might not hold appropriate for India. As in USA because of vast distances there are multiple major international gateways, India because of population base same might apply here.
I don't think wrt to India the debate is not as simple as hub vs p2p.
Finally BOM/DEL drive a huge percentage of the Indian economy, tourist arrivals etc. When aviation is disrupted in those two cities, it does affect India. You may not care, but it is not some weird elitist thing to be concerned about it (and I would even add BLR to that now). So all I am saying is please don't infer things based on your own biases. Sometimes the simplest reasons for someone's views is the answer. And yes you can add to all the above that I travel back to BOM, am Skyteam and tend to fly business so Jet affects me more than some. Nothing crazy sinister here.
There is NO doubt about BOM/DEL share and importance in Indian economy. Over the years that numbers have changed, rest of India has become more relevant.
But sure RoI is still nowhere near disrupting their positions at the top. Your statement about aviation disruption in BOM/DEL used to hold absolutely true (101%) few years back. But now a days, especially for the domestic travel, it is less relevant. Thanks to budget airlines that impact is significantly lower (not saying that there is NONE) for rest of India. That applies a bit to International travel too, much thanks to Middle East and Far East airlines. E.g. in the non-BOM centric view HYD-Nice is a one stop flight and not HYD-BOM-CDG-NCE. Forget aviation even for BOM residents the world north of Bandra-Chembur line is not only completely different but less economic/entertainment/(You name it) dependence south.
I don't have any bias towards BOM. Just as your opinions are framed based on your needs (which is completely human and not crazy sinister), in these day and age they might be diametrically opposite what the new middle class in rest of India prefer.