second largest carrier air berlin went bankrupt the last major indian carrier to go bust was kingfisher airlines in twenty twelve jet airways stuff have been holding rallies calling for a state bailout creditors are cautiously optimistic the airline can be saved. it's been a hard landing for jet airways flight crew and other stuff they took to the streets in the indian cities of delhi and mumbai to call for the government to step in to rescue the beleaguered carrier. the airline grounded its entire fleet indefinitely on wednesday after lenders rejected its plea for emergency funds potentially bringing the curtain down on what was once india's largest private carrier. at its peak jet operated over one hundred twenty planes with more than six hundred flights a day recently the airline was forced to cancel hundreds of flights on hold all flights out of india leaving thousands of passengers stranded. the carrier has struggled to pay wages for its roughly sixteen thousand employees. not after one week when it's too late what is the point of getting the fines when most of. the airlines collapsed deals

second largest carrier air berlin went bankrupt the last major indian carrier to go bust was kingfisher airlines in twenty twelve jet airways.

well we kingfisher it was an airline that was set up.the chairman of united breweries many many years ago. this airline folded in two thousand and twelve i don't think the bank so she realized the extent of the problems that kingfisher faced a lot of us is the one point six billion dollar debt that kingfisher had huge debt and banks as they did not realize how much of an impact that would have on the business how much how how they would be able to recover that that lost money and as we've seen. left the country he's in the u.k. he's facing extradition so it's a bit of a lesson to be learnt in a situation now this several situ a several things that come into play were actually election time yet right now election year obviously the government wants to keep the airline afloat it's not their airline it's a private airline they want to keep jet airways afloat but they can't invest that pleaded with the banks the banks want to recover money there's one point two billion dollar debt. which is waiting to be recovered that's a lot of money so th

so why was kingfisher allowed to fold but banks are willing to say jet airways well we kingfisher it was an airline that was set up. united breweries many many years ago. this airline folded in two thousand and twelve i don't think the banks actually realize the extent of the problems that kingfisher faced a lot of isis a one point six billion dollar debt that kingfisher had huge debt and banks as they did not realize how much of an impact that would have on the business how much how how they would be able to recover that that lost money and as we've seen. left the country he's in the u.k. he's facing extradition so it's a bit of a lesson to be learned in the situation now this several situ of several things that come into play were actually election time yet right now election year obviously the government wants to keep the airline afloat it's not their airline it's a private airline they want to keep jet airways afloat but they can't invest that pleaded with the banks the banks want to recover money there's one point two billion dollar debt. which is waiting to be recovered. that's a lot of money

well we kingfisher it was an airline that was set up. the chairman of united breweries many many years ago. this airline folded in two thousand and twelve i don't think the bank so she realized the extent of the problems that kingfisher faced a lot of us is the one point six billion dollar debt that kingfisher had huge debt and banks as they did not realize how much of an impact that would have on the business how much how how they would be able to recover that that lost money and as we've seen. left the country he's in the u.k. he's facing extradition so it's a bit of a lesson to be learned in a situation now this several situ is several things that come into play were actually election time yet right now election year obviously the government wants to keep the airline afloat it's not their airline it's a private airline they want to keep jet airways afloat but they can't invest that pleaded with the banks the banks want to recover money there's one point two billion dollar debt. which is waiting to be recovered it's a lot of money so t

well we kingfisher it was an airline that was set up. the chairman of united breweries many many years ago. this airline folded in two thousand and twelve i don't think the bank so she realized the extent of the problems that kingfisher faced a lot of us is the one point six billion dollar debt that kingfisher had huge debt and banks as they did not realize how how much of an impact that would have on the business how much how how they would be able to recover that that lost money and as we've seen. left the country he's in the u.k. he's facing extradition so it's a bit of a lesson to be learned in a situation now this several situ is several things that come into play were actually election time yet right now election year obviously the government wants to keep the airline afloat it's not their airline it's a private airline they want to keep jet airways afloat but they can't invest that pleaded with the banks the banks want to recover money there's one point two billion dollar debt. which is waiting to be recovered it's a lot of money

well we kingfisher it was an airline that was set up.the chairman of united breweries many many years ago. this airline folded in two thousand and twelve i don't think the bank says she realized the extent of the problems that kingfisher faced a lot of us is the one point six billion dollar debt that kingfisher had huge debt and banks as they did not realize how much of an impact that would have on the business how much how how they would be able to recover that that lost money and as we've seen. left the country he's in the u.k. he's facing extradition so it's a bit of a lesson to be learnt in a situation now this several situ a several things that come into play were actually election time yet right now election year obviously the government wants to keep the airline afloat it's not their airline it's a private airline they want to keep jet airways afloat but they can't invest the pleaded with the banks the banks want to recover money there's one point two billion dollar debt. which is waiting to be recovered it's a lot of money so the