Adani Enterp. 2638.00↑311.90(13.41%)
Adani Ports 748.50↑18.80(2.58%)
Apollo Hospitals 4572.90↓-32.40(-0.70%)
Asian Paints 3111.00↑26.10(0.85%)
Axis Bank 918.20↑0.65(0.07%)
B P C L 369.30↑7.70(2.13%)
Bajaj Auto 4538.60↑15.35(0.34%)
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Bajaj Finserv 1434.05↑21.05(1.49%)
Bharti Airtel 800.90↓-0.95(-0.12%)
Britannia Inds. 4528.40↑29.45(0.65%)
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Coal India 238.80↑0.10(0.04%)
Divi's Lab. 3395.35↑130.35(3.99%)
Dr Reddy's Labs 4467.10↑9.45(0.21%)
Eicher Motors 3554.10↑8.65(0.24%)
Grasim Inds 1694.05↓-24.30(-1.41%)
H D F C 2706.25↑1.50(0.06%)
HCL Technologies 1130.00↑10.15(0.91%)
HDFC Bank 1643.10↑2.05(0.12%)
HDFC Life Insur. 563.95↓-3.05(-0.54%)
Hero Motocorp 2681.00↓-11.15(-0.41%)
Hind. Unilever 2643.65↑5.55(0.21%)
Hindalco Inds. 411.15↑3.45(0.85%)
ICICI Bank 955.00↑4.65(0.49%)
IndusInd Bank 1262.65↑16.50(1.32%)
Infosys 1307.05↑14.25(1.10%)
ITC 427.50↑2.75(0.65%)
JSW Steel 705.75↑1.15(0.16%)
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Larsen & Toubro 2204.70↓-11.90(-0.54%)
M & M 1258.50↓-7.05(-0.56%)
Maruti Suzuki 9190.00↑33.35(0.36%)
Nestle India 21486.10↓-8.70(-0.04%)
NTPC 174.75↑0.65(0.37%)
O N G C 166.00↑0.40(0.24%)
Power Grid Corpn 235.00↑0.65(0.28%)
Reliance Industr 2467.45↑12.45(0.51%)
SBI Life Insuran 1156.40↑5.60(0.49%)
St Bk of India 579.45↑2.30(0.40%)
Sun Pharma.Inds. 937.25↓-0.20(-0.02%)
Tata Consumer 764.65↓-1.45(-0.19%)
Tata Motors 527.90↑5.40(1.03%)
Tata Steel 105.45↑0.45(0.43%)
TCS 3320.85↑22.15(0.67%)
Tech Mahindra 1111.45↑7.00(0.63%)
Titan Company 2704.25↓-8.30(-0.31%)
UltraTech Cem. 7711.85↓-3.80(-0.05%)
UPL 676.55↑6.15(0.92%)
Wipro 399.50↑3.75(0.95%)

Statsguru: Six charts explain trouble in India's aviation sector is not new

But the bankruptcy came at a time when things were finally starting to look up for the industry

Anoushka Sawhney

Premium

Go First Airbus A320neo planes are powered by Pratt & Whitney (P&W)-geared turbofan engines.

2 min read Last Updated : May 14 2023 | 8:54 PM IST

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The third-largest aviation market in the world is facing turmoil after its fourth-largest airline declared bankruptcy earlier this month. Go Airlines — operating under the Go First brand (earlier called Go Air) — blamed faulty engines from US-based Pratt and Whitney, which grounded many of its aircraft. The US firm has denied the allegations. But the bankruptcy came at a time when things were finally starting to look up for the industry.

Profitability finally seemed nigh for the sector, which hadn’t made profits in over a decade, according to data from rating agency Crisil (chart 1).