Saturday, May 13, 2017

Run ragged by rivals, Air India has just two choices left: Privatise or perish

Two months after the Narendra Modi government took charge in May 2014, the Prime Minister’s Office (PMO) called a meeting to discuss the possibility of Air India advancing its revival by two years and subsequently going in for a stake sale.

“During the meeting, pointed questions were raised on advancing Air India’s profitability target to FY19 from FY21and a plan to divest stakes in the national carrier after it turns around,” said a senior Air India official, who did not want to be identified.
12/05/17 Defence Aviation Post