Jet Airways (Mumbai) is expected to report a loss of around $330 million for its financial year according to Forbes. The majority owner, India’s Naresh Goyal, now lives in Dubai, not in India. Etihad Airways has taken a strategic investment of 24 percent of the stock so things are bound to change soon. Efforts to cut costs have been going on for a long time although the financial situation continues to worsens. What will happen next?
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Copyright Photo: Paul Denton/AirlinersGallery.com. Boeing 737-85R VT-JGV (msn 34803) in the special Disney Channel motif arrives in sand-blown Dubai.