Jet-Etihad deal: Why it reeks of crony capitalism

The Jet-Etihad deal is further proof that India and Indians are losing the aviation war. And this coming defeat is the result of whimsical policy driven not by consumer vision but crony capitalism. This is not to say that the deal is per se bad. In fact, by boosting competition on Gulf routes, it will benefit consumers. We can expect more fare wars. But the deal appears to be the result of cosy bargaining between promoters and policy-makers.

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