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Bankruptcy Potential of Indian Aviation Industry: An Analysis of Selected Firms


DOI: 10.33516/rb.v42i4.38-49p

Abstract


The Indian aviation industry of late, appears to be not in the shape as it should be. Although there are not much apparent symptoms, a deeper insight would provoke one to find a darker side. Already the scenario has been stained by not so impressive performance of the largest players and the exit of Kingfisher airlines through the trauma of bankruptcy. In fact, our observation is that the industry as a whole is threatened by the specter of bankruptcy which might come true if appropriate steps are not taken before it is too late. This paper is an attempt to analyze the present financial situation for selected airlines using three different models for bankruptcy possibility prediction over a period of five consecutive years (2010-2014) and compare the results with pre-bankruptcy period of Kingfisher airline (2008-2012).

Keywords

Indian Aviation Industry, Business Exit, Bankruptcy Prediction.

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DOI: http://dx.doi.org/10.33516/rb.v42i4.38-49p