Aviation India’s telecom and aviation have something in common: Debt and losses Updated : July 24, 2019 02:06 PM IST After liberalisation, the two sectors have grown massively and thanks to fierce competition, every player has been forced to maintain a competitive edge. For airlines, whenever crude oil went down, young players with a strong balance sheet like IndiGo ensured the competition doesn't mint enough profits by undercutting fares. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.