Saturday, June 03, 2017

Privatising Air India: Tatas eyeing state-run carrier?

Air India is all in the news and buzzing on the social media big time though much to the discomfort of its approximately 19,000 employees, since the Modi government strongly favours the carrier's privatisation. Who, in the words of civil aviation minister Gajapathy Raju, will be the "bakra" (scapegoat)? Tatas, as the rumours say, given that no business group knows Air India better than them.
A purported meeting between Tata Sons chairman N Chandrasekaran and Arun Jaitley in New Delhi on Thursday set the media tongues wagging amid the finance minister publicly stating that the government needs to get out of loss-making Air India and the official think-tank Niti Aayog also advocating complete privatisation of the carrier.
If the impossible (handing over of Air India) happens, it would mark a milestone not only for Indian civil aviation sector, but also for the Tata Group who owned the carrier before nationalisation.
02/06/17 S V Krishnamachari/IBTimes