"India's aviation market is cut-throat and it is survival of the fittest. High fuel prices and hefty taxes have compounded the spending issues, industry executives said.Goyal, however, said in a statement last week after stepping down that the airline will "regain its rightful place in the company of global greats. "Goyal's penchant for control, which helped him build the airline, has been a stumbling block for potential investors. That narrows the list of potential investors, aviation financiers and leasing executives said. "It will be a humongous task for whoever comes in," one of the industry executives said.

Source: Economic Times April 09, 2019 17:56 UTC