After mounting losses, is Jet Airways flying into insolvency? : The Good, The Bad And The Ugly: Business Today
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After mounting losses, is Jet Airways flying into insolvency?

August 13, 2018

GOOD

A bill has been presented in the Lok Sabha to introduce new tariff structure for airports which will inflation linked rather than cost-based structure currently prevalent in the country.

BAD

India has accelerated its infrastructure building but unless costs over-runs are brought under check, the nation and the tax payers will continue to pay a heavy price for such monumental projects.

UGLY

India's second largest airline Jet Airways is in serious financial trouble. Its losses are mounting. It has a negative net worth of Rs 7,100 crore and with liabilities of Rs 19,743 crore against total assets of just Rs 12,501 crore it was only keeping afloat due to free cash flow of some Rs 320 crore as of March 31, 2018.




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