Thursday, August 24, 2017

Don't want Air India to go Kingfisher way, says Ashok Gajapathi Raju

New Delhi: As the government charts out Air India's disinvestment, Civil Aviation Minister Ashok Gajapathi Raju today said he would not like the national carrier to "go the Kingfisher way" and people losing jobs.
Air India, which is surviving on taxpayers' money, has been in the red for long but managed to eke out an operational profit of Rs 105 crore in 2015-16. A group of ministers, where Raju is also a member, is looking at the modalities for disinvestment of the national airline.
Noting that Air India has really worked well in the past few years, he said the whole idea of privatisation is to have a vibrant airline.
"We don't set timelines. We have some indications within us and we hope that we will stick to it," Raju said in reply to a query about tentative timeline for the disinvestment.

On whether Voluntary Retirement Scheme (VRS) would be offered to Air India employees, he said personally he would like the airline to be vibrant and "not go the Kingfisher way or something like everybody has gone home and nobody has employment".
24/08/17 PTI/Economic Times