What's wrong with India's airline industry?

What’s wrong with India’s airline industry?
By Peter Shadbolt, CNN
November 30, 2011 — Updated 0451 GMT (1251 HKT)

http://edition.cnn.com/2011/11/29/business/india-aviation-industry/index.html?hpt=hp_c2

Poses the following questions –
-Can Kingfisher survive?
-How did the tiger of the world’s aviation industry go into such a steep decline?
-Have rising oil prices contributed to steep losses?
-How competitive is the Indian domestic industry?
-Is opening the sector to investment by foreign airlines a solution?
-Do Indian airlines suffer from a shortage of qualified manpower?
-What’s the solution?

“Many of the government’s solutions will take a long time to enact,” he said. “India is still a very chaotic country and nothing happens quickly.
“If Air India, for example, needs action from the government then it that has to go from ministry to ministry, from committee to committee.
“It’s forced into a situation where it is not very quick or very agile in a market where speed and agility are everything.”