CaliguyNYC wrote:lightsaber wrote:Why if a company does well do others spend so much effort to bring them down. Crab potting (If I don't win, no one wins) slows down the economy.
SpiceJet pulled a coup. Congrats to them. Others are taking 737s too. The reality is the greater Indian economy is feeling the Jet shutdown (hotels, tourist destinations, business people not flying to do business). Friction in business is always a bad thing (slows economic growth which means fewer jobs).
India needs domestic and international flights to increase investment (both domestic and foreign). The velocity of money is important. Either get it back up or watch growth slow. That means allocate flights.
I've yet to see a proposal that will work saving Jet. But that is based on my understanding of the costs to restart Jet. My estimate is higher than the funds I see being raised.
Personally, EY is likely to shrink. The loss of those bilateral rights will further reduce international travel in/out of India. What countries does India have open skies besides USA (due to distance/fuel taxes there is limited opportunity)?
I think the only quibble I have is congratulating Spice on crony capitalism (and others seem to feel the same). Did they win, absolutely. But I’m not willing to celebrate it because it hurts indian aviation, Indian business, indian tourism and india itself. Change doesn’t happen if people turn a blind eye when they get what they want and cry bloody murder when they don’t. I felt the same way about Goyal and am glad he is gone - but sad we are getting a new crony in Spice. But even I’m bored of protesting. Easier to just move on and see what happens - hence why things never change. At least delta announced JFK-BOM.
Who would you have preferred in Spice’s place? It would have been Indigo, the big bully, making things even worse.