Friday, January 08, 2021

How reforms grounded Air India and turned family jewels into junk

Once upon a time there was a Maharaja who was famous, wealthy, and controlled his territory with enormous clout. Like is the case with most powerful rulers, there were charges of corruption, inefficiencies, and patronage against him. Still, he was not only a mascot that showcased the country, but an example of both what was right and wrong with it. Today, the same Emperor is without his clothes, saddled with debt, and pauperised to the extent that there are few takers for his depleted assets.

Read about the saga of Air India: how to junk the family jewels and sell them at the wrong time, and in the wrong way >>

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