No bailout

An efficient civil aviation sector is essential to an economy growing as fast as India’s. It is unfortunate, then, that ours seems to be in near-constant trouble. Kingfisher Airlines’ financial difficulties are more severe than most, but no major domestic airline, barring the low-cost IndiGo, is making a profit. Yet, while that should worry us, there is absolutely no call to consider the possibility of government assistance to Kingfisher, or any other airline. The question, in fact, should not even have been raised.

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