New Delhi: At a time when the government appears to be clearing the runway for Air India’s disinvestment to take off, the airline flying into its highest-ever net loss is surely unwelcome news. It is true that the national carrier has never returned a profit since the merger involving Indian Airlines more than a decade ago, so losses have ceased to surprise. But fresh numbers show that 2018-19 has been its worst year so far. A senior official of the airline who wished to remain anonymous has told agencies that Air India managed to lose about Rs 23 crore every single day, taking its net loss for 2018-19 to about Rs 8,400 crore. As Air India’s loss-making spree continues unabated, the Modi government also continues to assert that disinvestment of the airline is on its agenda and modalities are being worked out. But one wonders whether there is more pain for taxpayers before (and if at all) this white elephant is taken off the exchequer’s hands.
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