Bleeding like never before, and with bills to pay, Jet certainly has its share of problems, but it is inconceivable that the airline will disappear from the skies.

If Goyal pulls the chestnuts out of the fire this time, he will emerge as the king of the aviation business in India.

That does not mean that his airline will be making a lot of money (airlines rarely do), but he will be exactly where he wants to be.

All the bigger tragedy then, that Goyal has sullied his copy-book with what he did last week, raising questions relating to both strength of character and sense of ethics. In some ways, as is so often the case with first-generation entrepreneurs, Goyal has turned out to be his own worst enemy.

Image: Naresh Goyal at a press conference. | Photograph: Sebastian D' Souza/AFP/Getty Images

Also read: Of falling property prices and when to buy a house

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