Air India may lose 'national carrier' tag

New Delhi: The Union Cabinet is set to meet soon to decide if beleaguered state-owned carrier Air India should retain its ‘national’ character at all. It will also debate if strategic disinvestment is the best way forward for the airline, which is estimated to have accumulated Rs 7,200 crore in losses in 2009-10.
With most of Air India’s woes emanating from its international operations — where it loses around Rs 3,000 crore a year on 30 routes — a group of ministers (GoM), chaired by finance minister Pranab Mukherjee, has recommended that the airline stop flying to these routes.
“This will change the character of Air India,” a government functionary said, adding this would turn Air India into a regional airline.
23/03/10 Smita Aggarwal/Indian Express

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Categories: NACIL Mar 2010