Turbulence hits India's skies as duopoly strains aviation boom amid government intervention
India's aviation industry is facing turbulence as the country's two dominant carriers, IndiGo and SpiceJet, struggle with cracks in the booming market forcing government intervention. The crises at these airlines exposed weaknesses in the sector, putting the entire aviation boom under scrutiny.
India's aviation industry is facing turbulence as a duopoly of two dominant carriers exposes cracks in the booming market, forcing government intervention. The crises at IndiGo and SpiceJet have shed light on the sector's vulnerabilities, putting pressure on regulators to step in. This comes after the airlines reported financial struggles and declining profits, prompting concerns about the industry's long-term sustainability. Government intervention is expected to be a key factor in addressing these issues and ensuring the continued growth of India's aviation market.
