The troubled Indian aviation industry is finally getting the much-needed love from global/Asian players, but lot will depend on how soon Indian govt. eases up the foreign investment pathways.
India's troubled aviation industry is slowly opening up as govt. realizes the folly of not allowing foreign giants in, especially the geographically and culturally close Gulf giants. This will be the first salvo in a coming rush of such deals.
Kingfisher was the first to drop from the number one spot, followed most recently by Jet Group, paving the way for young carrier IndiGo to claim the title, even if it is still a fight to remain profitable.