Jetbank bankruptcy causes ticket prices to soar Indian officials say they will control prices

Indian Aviation Minister Jyotiraditya Scindia said that the Indian government is working with airlines to control ticket prices after the collapse of Jetbank Airlines. "We will talk to our airlines to ensure that fares are within a certain level," Scindia said. This is a problem caused by unforeseen demand and supply imbalances. " Earlier, Jetbank filed for bankruptcy in May and blamed "faulty" Pratt & Whitney engines for the suspension of about half of its fleet.