Jet Airways: A Tumultuous Journey Jet Airways, granted scheduled airline status in 1995, rapidly expanded its domestic network. Early success saw it secure a significant market share, fueled by a substantial Boeing aircraft order. The airline's trajectory changed in 1997 when the Indian government reversed its policy on foreign investment in aviation, leading Naresh Goyal to regain full control. Further expansion followed, with more aircraft orders and the launch of international flights in 2004. An IPO in 2005 made Goyal a billionaire, but challenges emerged soon after. Attempts to acquire Air Sahara and subsequent integration of JetLite and Jet Konnect marked strategic shifts. Despite becoming India's largest airline in 2010, financial difficulties mounted. A partnership with Etihad offered a lifeline, but a fare war and falling passenger demand impacted profitability. Jet Konnect's merger into the main brand and a shift to a full-service model followed. However, mounting losses and unpaid dues led to the grounding of flights in 2019, followed by insolvency proceedings. While a purchase by the Jalan-Kalrock Consortium offered a glimmer of hope, plans for a relaunch stalled, leading to the loss of its IATA code and ultimately, liquidation by the Supreme Court in November 2024. The airline's history serves as a cautionary tale in the volatile Indian aviation sector.