Trades
Some trades may seem oh so dull.
But don't be deceived by the lull.
Not all that glitters is gold, nor all wins dynamic n bold.
A trade can be hot, even if the action simply is not.
JET Airways Din't DIE --- It was Murdered !!
"20,000 employees paid the price for mismanagement they never caused.” That’s the real tragedy of Jet Airways — an airline that didn’t collapse because the market was tough, but because the people running it were blind to their own decisions. Think about it: Jet was once India’s gold standard in aviation. Premium brand, loyal customers, global routes, industry respect. And yet, behind the glossy branding, the balance sheet was bleeding in silence. By 2019, the numbers were catastrophic: – ₹8,414 crore unpaid to banks. – ₹37,000–40,000+ crore in insolvency claims. – 78 out of 119 aircraft repossessed. – Salaries delayed, vendors unpaid, operations held together with hope instead of cash. This wasn’t a failure. This was a slow, predictable, board-sanctioned disaster. Management kept expanding routes while working capital evaporated. The board kept approving decisions that ignored basic financial hygiene. Etihad’s ₹2,060 crore infusion didn’t fix anything — it just postponed the inev...
Comments
Post a Comment