Scrap heap of billionaires

In pole position: Air India aircraft parked at the airport in New Delhi. The country’s biggest two carriers, IndiGo and Air India, are tightening their grip with a combined market share of 73%. — AP

ANOTHER Indian airline founded by a billionaire is on the brink of shutting down for good, having tried and so far failed to attract a savior after entering bankruptcy protection in May.

Go Airlines India Ltd’s chances are fading.