JET AIRWAYS NOSEDIVE
THE BOEING 777 PLANE Started as a travel agency in 1993 by the founder Naresh Goyal to a gargantuan airline company, it is very excruciating to see how a leviathan company who once experienced complete hegemony in the Indian aviation industry now continues to nosedive. Currently the company is facing a strong headwinds in pursuing its operations because they are devoid of cash which leads to suspension of all flights and other activities. Apparently, the morass of soaring fuel prices and loss of pricing power due to relentless competition is the main reason why all jet's fleet has been grounded. The decision to discontinue operation and grounding of jets can imperill 16000 direct jobs and Rs 8500 cr debt to banks. Now, this has caused a furore among Jet airways employees and a protest has been registered by many of them who clamours to revive the torpid airline . As their career is on the brink of extinction, it is quite palpable to erupt protest as losing a job is one ...