For subscribers
More turbulence likely in India's aviation sector with entry of 2 airlines
Sign up now: Get insights on Asia's fast-moving developments
Nirmala Ganapathy India Bureau Chief In New Delhi, Nirmala Ganapathy
India's troubled aviation sector is gearing up for the entry of two airlines, including one that is being revived, even as the Covid-19 pandemic has resulted in carriers looking at an estimated loss of US$4.1 billion (S$5.6 billion) this financial year due to low demand.
Plans for a new airline called Akasa, by Indian business magnate and stock trader Rakesh Jhunjhunwala, and a relaunch of Jet Airways, which shut down in 2019, are in the pipeline as India's aviation sector, hit by two waves of coronavirus outbreaks, goes through its most challenging period.
