Case Study On Jet Airways
SUCCESSFUL STRATEGIC ALLIANCE AND CONTRIBUTING FACTORS
JET–ETIHAD STRATEGIC ALLIANCE
–SAYANTAN MITRA (231137)
"It is very disappointing that the recently published ICRA downgrade is based on a historic delay in debt servicing, which occurred and was resolved in the previous financial year. Our recently published first quarter results show a positive trend in performance and that the airline's three–year business plan is on track," said the Jet Airways rejoinder in the first week of September when ICRA downgraded the company's rating to D Grade (junk status) due to delays in debt servicing.
ICRA's action could make it tougher and costlier for the airline to refinance its formidable debt of about ₹9,800 crore (as on June 30). This could put the ... Show more content on Helpwriting.net ...They are now in desperate need of equity infusion to clear their debts. So does that indicate that a Strategic Alliance is critical to the successful operations of an airlines business in India? More such alliances are maturing like the alliance between Tata Group and Singapore Airlines to form Vistara, Tata Group and Air Asia Group to form Air Asia in India further. However, the successful operations of single players like Indigo and GoAir can pose a strong challenge to the concept in future. Is Strategic Alliance the only answer to high taxes and high
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