Faced with accumulated losses of Rs 7,200 crore, national carrier Air India's deteriorating condition has forced the government to push for privatisation of the carrier. While the UPA government does not favour strategic sale, the civil aviation ministry and the Air India management are likely to consider a piecemeal approach to privatisation. For the full report in YahhooNews, click here
The inevitable had to happen.
Muralidhar Rao
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ಪ್ರತಿಕ್ರಿಯೆಗಳು
sell the beast off
In the circumstances, I am quite prepared to subsidise a golden handshake or some form of generous pay-off for the employees. What I am not prepared to do is to agree to subsidise them for the rest of my working life. So, here’s my solution. Offer Air India for sale. Few people will be willing to buy it given the mess that it is in. But my guess is that some risk-taking entrepreneur will come forward. Accept the best price offered and let the damn thing go.
For the full essay by Vir Sanghvi in the New Indian Express, click here