Air India and Jet Airways hope for better times, but are still far from their restructuring goals
When Star Alliance CEO Mark Schwab announced last December that Air India had been accepted as a future member of the group, some in the country thought this could signal the turning point that the beleaguered airline had been waiting for. However, the U.S. downgrade of India's aviation safety rating in January underscored just how bumpy the road to normalcy remains. The debt-ridden national carrier was expecting that its entry into the alliance could help in garnering additional ...
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