Jet Airways, once the biggest Airways company, in the country has closed its services yesterday. The company has been making losses and was expected to close any time. This is the second big private airlines company that is being closed. A few years back, Kingfisher Airlines was closed and its owner Mallya leaving the country. It is not known what hit the Jet Airways, mismanagement or something.
The closure of these two big private company once again shows that despite given full freedom and unlimited loans, private companies are also collapsing. But the propaganda is against the PSUs, if even there is a small amount of loss. The PSUs are not becoming loss making due to lack of business or operations, but mainly due to the anti-PSU policy of the government.