Smooth ride to defy India carriers despite Modi’s Jet-Tata match

NEW DELHI: A rescue of beleaguered Jet Airways brokered by the Indian government is unlikely to end the pain of local airlines that are struggling to make money in one of the toughest markets, according to analysts.

Tata Group’s interest in purchasing Jet Airways India Ltd may be a “step in the right direction”, although it won’t transform overnight an industry fighting to cover costs, said Binit Somaia, a Sydney-based analyst at CAPA Centre for Aviation. Even a deep-pocketed conglomerate like Tata will face an uphill challenge, said Shukor Yusof, founder of aviation consultancy Endau Analytics.