The company was then alleged of financial misappropriation. In September of 2018, the Income Tax department surveyed the Delhi and Mumbai offices of Jet Airways. The same month, Jet Airways posted a loss of INR 1323 crores. It was based on the reasoning that the deferment of employeesвЂ™ salaries ought to affect their morale and attitude. In the same month, the DGCA (Directorate General of Civil Aviation) conducted a financial audit of Jet Airways. The government watchdogs got a sniff of discrepancies in the airline's financials. There were rumblings of trouble brewing within Jet Airways in August of 2018 when the company deferred the second quarter results of that year.

The airline was the paragon of success for domestic carriers in India.

Naresh Goyal started Jet Airways with 4 leased Boeing 737 aircraft in 1993. For instance, most of the airports in India have only a single operational runway, whereas countries like the US have no less than 5 runways. To add to the aviation industry's woes, the majority of Indian airports are not up to the mark in terms of infrastructure. The United States, on the other hand, has 7,309 commercial aircraft for a population of 328 million. For the numbers, India has 565 commercial aircraft for a population of 1.3 billion.

As more and more Indians choose flight as the best means of travel, the availability of aircraft is yet to catch up with this growing trend. The Future Plans of Jet Airways Indian Aviation Industry Jet Airways' PlanesДЄviation is an under-saturated sector in India. Jet Airways, All Set for the Revival In 2022 The Consequences of the Downfall of Jet Airways In this Jet Airways case study, we will delve into the Jet Airways insolvency case, which will cover the Jet Airways introduction, its history of Jet Airways, its downfall of Jet Airways, and the resuming of its operations that is due. However, with the recent advancements that proved positive for the airline company, the popular airline service provider may see a revival in 2022 itself. Some of its assets have gone to other airlines while a few aircraft remain parked till the bankruptcy proceedings are completed. However, if you are wondering 'is Jet Airways coming back?' then you would be glad to know that it is indeed, as far as the recent May 2022 reports reveal.ДЄfter its collapse, Jet Airways declared bankruptcy, and on 17 April 2019, it decided to shut down operations temporarily. A lesson for many, this post covers the journey of Jet Airways and digs deep into the reasons for its failure. Jet Airways' shutdown is often considered one of the biggest organizational failures to have occurred in India. April 2020 reports revealed that around 4000 employees were still on the rolls of Jet Airways, and these employees were facing tough times in the absence of any regular source of income. Founder Naresh Goyal has been investigated by the Enforcement Directorate (ED) and a large number of ex-employees have remained jobless after the airline shut down its operations in April 2019. The Jet Airways case study is now so popular that it is mentioned in almost every Business School's curriculum due to the airline's unimaginable debacle.

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