Jet was seen as India’s finest airline after the government nationalized the Tata group-founded Air India. While AI was shaping up as one of the world’s best airline under J R D Tata, in 1953 the Centre decided to privatize it. Decades of mismanagement left AI in a terrible condition. So when Jet was founded in 1993, it soon emerged as the finest premium airline the country had seen in a long time.

from Times of India https://timesofindia.indiatimes.com/business/india-business/time-has-come-to-pass-on-the-baton-an-emotional-goyal-tells-employees/articleshow/68566343.cms