It is exactly ten days since prime minister Dr Manmohan Singh made the bold announcement permitting 49% foreign direct investment (FDI) in aviation apart from FDI entry into multi-brand retail. Plus a host of other far reaching decisions that would revive the investors’ confidence everywhere.
For several months now, Air India has been in the news for a variety of wrong reasons, not exactly pleasant to repeat here. The biggest financial boost from the government has not been able to revive it to its former glory though the Dreamliner has landed for it in India.
Kingfisher in the south, spearheaded by Dr Vijay Mallya has been in doldrums as well, heavily overburdened and under financial strain. It may be recalled that Capt Gopinath’s
Air Deccan, really the people's airline, was gobbled up by Kingfisher, couple of years ago.
25/09/12 moneylife.com
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For several months now, Air India has been in the news for a variety of wrong reasons, not exactly pleasant to repeat here. The biggest financial boost from the government has not been able to revive it to its former glory though the Dreamliner has landed for it in India.
Kingfisher in the south, spearheaded by Dr Vijay Mallya has been in doldrums as well, heavily overburdened and under financial strain. It may be recalled that Capt Gopinath’s
Air Deccan, really the people's airline, was gobbled up by Kingfisher, couple of years ago.
25/09/12 moneylife.com
