The Jet Airways imbroglio is a good example of how in a competitive marketplace the eventual result is one that benifits the end consumer. It is difficult to ascertain what went on between the mangement and the striking pilots, and perhaps best left to the imagination, but on the face of it, neither Jet Airways pilots nor the management come out in a positive light. Actually adding another dimension to this unpleasant display of immaturity were the competing airlines who true to free market economics hiked up their prices to ridiculous levels to accomodate the 'stranded' jet passengers! At a time when airline companies could have garnered a lot of goodwill by accomodating these passengers at nominal rates they choose to take the shorter and quicker route of 'making a fast buck' at Jet's expense!
Even whilst I agree that grieving pilots or for that matter any other staff have a right to protest - a strike when negotiations are on is not only a poor attempt at pressure tactics but completely uncalled for. At the same time Naresh Goyal calling them ' Terrorists' is also in bad taste - now that they have reached a amiacable solution these 'terrorists' are manning the Jet airlines fleet!!!
The government at a macro level can help the industry become profitable by lessoning the taxation rates on aviation fuel. The competing airlines could the next time round ( if there is one )show more sovereignity to their competitor in trouble- it could be them next!!!!
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