Eight employee unions of Air India have written to Prime Minister Narendra Modi raising serious concerns about the disinvestment of the national carrier and have sought an alternative revival plan. In a letter, signed by representatives of the eight unions, they have also flagged possibility of job losses in case of privatisation.
Air Corporation Employees Union, All India Service Engineers Association, Air India Employees Union, Aviation Industry Employee Guild, Air India Aircraft Engineers Association, All India Aircraft Engineers Association, Air India Engineers Association and United Air India Officers Association have written the letter.
Together, these unions represent more than 10,000 Air India employees. The Civil Aviation Ministry has sought Expression of Interest (EoI) from potential bidders for a 76 per cent stake sale in loss-making Air India as well as divestment of two of the carriers subsidiaries.
"We strongly protest Government of Indias move to privatise or disinvest Air India/subsidiaries as it is against the interest of the country and urge the government to review its decision... and explore the possibility of an alternative to disinvestment/ privatisation," it said.
According to the letter, the unions said Air India can be restored to its "pristine glory" if debt worth Rs 30,000 crore is waived off or the loan is restructured and a proper roadmap is put in place with effective management. Referring to the previous NDA governments decision to sell two Centaur Hotels properties in Mumbai, the letter said there have been job losses after it.
06/04/18 PTI/Business Today
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Air Corporation Employees Union, All India Service Engineers Association, Air India Employees Union, Aviation Industry Employee Guild, Air India Aircraft Engineers Association, All India Aircraft Engineers Association, Air India Engineers Association and United Air India Officers Association have written the letter.
Together, these unions represent more than 10,000 Air India employees. The Civil Aviation Ministry has sought Expression of Interest (EoI) from potential bidders for a 76 per cent stake sale in loss-making Air India as well as divestment of two of the carriers subsidiaries.
"We strongly protest Government of Indias move to privatise or disinvest Air India/subsidiaries as it is against the interest of the country and urge the government to review its decision... and explore the possibility of an alternative to disinvestment/ privatisation," it said.
According to the letter, the unions said Air India can be restored to its "pristine glory" if debt worth Rs 30,000 crore is waived off or the loan is restructured and a proper roadmap is put in place with effective management. Referring to the previous NDA governments decision to sell two Centaur Hotels properties in Mumbai, the letter said there have been job losses after it.
06/04/18 PTI/Business Today
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