Jet Airways, India's major airline has hit turbulent times. The airline had a dream take-off in 1995, with steady growth registered by adding new fleets and international destinations. In 2017, it was second only IndiGo Airlines in India. Employing nearly 16,000 employees and serving nearly 17.8 % of the passenger market share. Yet, owing to high competition in the aviation industry, Jet Airways has incurred repeated and continuous losses which seems to have become its Achilles heels and a huge quandary.

The founder, Naresh Goyal now holds 51%, Etihad Airways holds 24% and Public Shares 25%. Jet Airways has posted losses of over 1,000 crores for three consecutive quarters. The Airlines is reportedly staring at bankruptcy, propelling the Civil Aviation Minister Suresh Babu to call upon emergency meetings with the industry.

The airline has delayed the salaries of pilots, suppliers and maintenance staff for months. The Jet Airways maintenance staff has ruled in a letter to Directorate General of Civil Aviation (DGCA) of their desperation and helplessness. This has adversely affected the staff's psychological conditioning.

To combat the raising debt, Jet Airways has been forced to ground as many as 41 of their aeroplanes. The founder Naresh Goyal has asked for more time to chalk out the rescue plan in consultation with Eithad and the State Bank of India. He assured that he is committed to evolving a comprehensive plan of action even offered to sell his shares and relinquish his stake from 51% to 25 %.

The government has also urged the state-run banks to help rescue the debt-ridden airline so that the employment of thousands of their staff can be saved. The floating of Jet Airways is imperative for the government as the ever-growing demand for reliable and cost-effective airlines is the future. The Indian government plans to build 100 new airports costing about 60 billion dollars, for this steady aviation industry is needed. The government doesn't want to repeat the Kingfisher Airline debacle, which caused loss of employment for thousands and losses in millions of dollars in 2012. Hence, it is crucial of the Indian government that Jet Airways revives its glorious past, and puts the investors' faith back in the infrastructure and quality of this industry.