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JET AIRWAYS (INDIA) LTD.: A CASE OF FINANCIAL CRASH LANDING IN THE INDIAN AVIATION SECTOR.

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Title: JET AIRWAYS (INDIA) LTD.: A CASE OF FINANCIAL CRASH LANDING IN THE INDIAN AVIATION SECTOR.
Authors: Ghosh, Uma1, Pinto, C. A. Geetanjali1
Source: Turkish Online Journal of Qualitative Inquiry. 2021, Vol. 12 Issue 6, p5256-5268. 13p.
Subject Terms: Financial crises, Public companies
Geographic Terms: India
Abstract: The case deals with the evolution and structure of the Indian aviation sector since its inception. It also provides a detailed view of the transformation of the Indian aviation sector due to the liberalization of the Indian economy. The opening of the privately-owned full-service airlines (FSA) and low-cost airlines (LCA) led to major changes in the market share of the airlines. The focus of this case study is to evaluate the journey of Jet Airways (India) Ltd. (JA) since its inception in 1991, its collaboration with South African Airways and subsequent conversion from a private limited to a public limited company. The case documents the existence of JA as the only privately-owned profitable airline operator in India till its cessation in 2019. After merging with Sahara Airlines at a valuation considered critically high for an already loss-making airline, JA's losses continued mounting. Further, the case critically evaluates various other factors: rebranding of Sahara Airlines (JetLite), mismanagement by the board, high operating leverage, continuing losses and high debt-equity ratio which eventually lead to JA's financial crash landing. This case can also serve as a tool for investors and other stakeholders for fundamentally analyzing stocks of Aviation sector. [ABSTRACT FROM AUTHOR]
Copyright of Turkish Online Journal of Qualitative Inquiry is the property of Turkish Online Journal of Qualitative Inquiry and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Education Research Complete
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  Data: JET AIRWAYS (INDIA) LTD.: A CASE OF FINANCIAL CRASH LANDING IN THE INDIAN AVIATION SECTOR.
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  Data: <searchLink fieldCode="JN" term="%22Turkish+Online+Journal+of+Qualitative+Inquiry%22">Turkish Online Journal of Qualitative Inquiry</searchLink>. 2021, Vol. 12 Issue 6, p5256-5268. 13p.
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  Label: Abstract
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  Data: The case deals with the evolution and structure of the Indian aviation sector since its inception. It also provides a detailed view of the transformation of the Indian aviation sector due to the liberalization of the Indian economy. The opening of the privately-owned full-service airlines (FSA) and low-cost airlines (LCA) led to major changes in the market share of the airlines. The focus of this case study is to evaluate the journey of Jet Airways (India) Ltd. (JA) since its inception in 1991, its collaboration with South African Airways and subsequent conversion from a private limited to a public limited company. The case documents the existence of JA as the only privately-owned profitable airline operator in India till its cessation in 2019. After merging with Sahara Airlines at a valuation considered critically high for an already loss-making airline, JA's losses continued mounting. Further, the case critically evaluates various other factors: rebranding of Sahara Airlines (JetLite), mismanagement by the board, high operating leverage, continuing losses and high debt-equity ratio which eventually lead to JA's financial crash landing. This case can also serve as a tool for investors and other stakeholders for fundamentally analyzing stocks of Aviation sector. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Turkish Online Journal of Qualitative Inquiry is the property of Turkish Online Journal of Qualitative Inquiry and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – SubjectFull: Financial crises
        Type: general
      – SubjectFull: Public companies
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      – SubjectFull: India
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      – TitleFull: JET AIRWAYS (INDIA) LTD.: A CASE OF FINANCIAL CRASH LANDING IN THE INDIAN AVIATION SECTOR.
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              Text: 2021
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