Their models were not right. They used wrong models and some of those who entered the airline industry early were not professionals. They were pure business people and they also used the airlines not directly as airlines, they used them for other purposes. Some of them used it to get cheap foreign exchange and did round tripping, they brought the foreign exchange back and used it for other things. But the fact of the matter is that the greatest challenge they have were themselves, the owner-manager syndrome, they were owners-managers. The owner-manager syndrome is a major thing that has collapsed airlines in this country. When they own it, they want to manage it, they don't want to engage those who know how to manage it.
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True