Top 3 reason why jet Airways shut down || Airways || jet Airways || chiseled info

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Why jet airways shut down ?
On Wednesday , April 17 , debt - Ladin Jet Airways announced that it is temporarily shuting down because it is unable to release  emergency funding from any source , including the lenders. The airline has suspended both domestic and international flights .

History of jet Airways--
Jet Airways has been the country's largest and long  serving airline every since it took off 27 years ago in 1992 . As it's peak , Jet operated 650 flights a day .

It was also the only airline to fly between Mumbai and Colombo , Kathmandu and Hong Kong . Jet was the country's largest full service carrier.


PROBLEMS WITH INDIAN AVIATION--
India is the also the words largest consumer of oil and even increased it's oil important by 4.37 millions barrels per day .

3 reason why jet airways shut down.---

1] In may 2019 , Dube said that jet's financial pet was negatively impacted by an increase in fuel prices.

2] As indian airlines fly to overseas destination, they must pay rent , maintenance fees , and refuelling costs to international airports . If the rupee value falls , those expenses increase as well because payment are made in dollar.


3] A third problem is a price war . No indian airline owns enough of the Market share to unilaterally raise price without losing customers . So , each airline competes with the other to offer the best price, making yields fight time .

That's all in this article .
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