India’s aviation market has been a mess. Jet Airways is out of business. oneworld member Kingfisher is no more. And Star Alliance member Air India is teetering on the edge of bankruptcy.
The government-owned airline is currently surviving on subsidies while the country looks for a buyer to take over the flag carrier. However they’ve committed to spend no more cash on the airline, and unless a buyer is found by June the airline is expected to run out of money and have to close.