FALLEN SUPER HEROES

IIPM BUSINESS & ECONOMY

He was called the caped crusader, and it was a dreadingly dark & rainy night when he failed... when he failed to do the simplest of things expected of him; he couldn’t save them; not one; this superhero had failed, and miserably so... and sadly, just because the reality of it all was that he, despite all his promises to the world, could never ever fly. In fact, Batman was never born to fly!!!

But the situation would not have been much different if he could have fl own; as even other superheroes, flying or otherwise, have failed miserably in the Indian aviation space. And the leading laurel could have easily gone to our Dubai grown papa crusader, Naresh-‘ I hate you Sahara’-Goyal, who just about missed the most brilliant chance of becoming the man who achieved the biggest disaster in the history of Indian aviation! B&E had cried itself hoarse (refer issues from January 27, 2006, onwards) warning him about his miscalculation (coupled with his willingness to part with Rs.23 billion) in taking over the virtually zero-asset Air Sahara.

Yes, when we were all so euphoric over the truthdefying growth in traffic across the Indian skies, the recent Jet-Sahara divorce serves as a blinding indication that consolidation at the moment is just a mirage, since the sector is still in its infancy. So what led to this euphoria & why exactly is the Indian aviation dream going sour?

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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