Monday, July 24, 2017

Air India privatisation is unpatriotic and illogical, says former employees assoication

New Delhi: The employees union of Air India representing retired its personnel on Wednesday termed the government's move to privatise the airline "unpatriotic" and "illogical" in a letter to civil aviation minister Ashok Gajapathi Raju.

The letter also says that the the government's priority should be to restructure the airline's huge debt.

The All India Airlines Retired Personnel Association (AIARPA), which has written the letter, represents nearly 11,000 former employees of Air India.

"Why has the government announced the decision to privatise AI — a decision taken in great haste — just at a time when the airline is on the verge of becoming profitable.

"The move is unpatriotic as well as not logical at this point of time," the union said in the letter.

For the first time in a decade, the airline posted an operational profit of Rs 105 crore in 2015-2016. It rose to Rs 300 crore in 2016-2017.
19/07/17 PTI/Firsty Post

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