1 Indian Airline Must Go Bankrupt In 2018, Which One Will It Be?

All 5 Indian Airlines are in major trouble.

Jet Airways has just defaulted on a USD 185m loan and is asking overseas lenders to waive a covenant. Mashreq Bank and ICICI Bank, DIFC are the biggest lenders.

We are aware that Etihad (who did not support Air Berlin or Alitalia) has refused to fund Jet Airways despite being a 24% shareholder, since they have no money nor patience any more, hence the hands of others are tied.

There was an article that Jet Airways doesn’t have funds to put oxygen masks but that has been removed from the internet because that will have IATA ramifications.

Jet Airways is also under investigations in India due to delaying it’s quarterly results.

 Jet Airways seeks help of lenders in bid to avoid default

Indigo Airlines is the second one in line for a collapse.

IndiGo Q1 net profit crashes 97% from highest ever figure a  year ago

Air Asia India is stuck in legal troubles suggesting bribes and losses (they shut their Mumbai flight just in Apr 2018).

Trouble in the sky: AirAsia’s turbulent flight path     

Spice Jet is also struggling.

Q1 results: SpiceJet flies into red, posts Rs 38 crore net loss

The perpetual loss maker since several decades and a pet of the Indian politicians, doesn’t even have money to buy spare parts.

Talk about running an airline without tyres!

Air India pilots say 23% of airline’s fleet grounded due to lack of spares

We would say that it is a 3 way race between Jet Airways, Spice Jet and Indigo on who collapses first within 2018.