Thursday, October 16, 2008

Rise rise and fall

Aviation industry in India touched its life time high with more than 10 different airlines operating in the domestic space in its peak time. The birth rise and fall of low-cost airliner AirDeccan with a dream to make every Indian traveling by train to take the aerial route. Following with some mergers and acquisitions.

Today with a taste of waters from all oceans, airlines are still struggling to find a steady state for operations. Thanks to the global economic crises, the every increasing fuel prices and huge losses reported by them every quarter.

Things today have become so critical that arch rivals Jet airways and Kingfisher decided to form a operating alliance to some how tackle this problem. And for employees of both airlines this alliance did not come as a good news at all. Both Jet and Kingfisher announced their layoff plans and almost putting their layoff numbers is four digit figures. Never would anyone had thought of this day to come almost 6 months back.

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