Govt must return Air India to Tatas: Jitendra Bhargava

After AirAsia India, Tata group has now entered into an agreement with Singapore Airlines to start a full-service carrier in India . Speaking to CNBC-TV18, Jitendra Bhargava, former ED, Air India says it’s a welcome development considering Tata Sons are the pioneers who once created Air India. However, he says there are already too many carriers in India struggling to survive and therefore, the government instead of allowing a new carrier should allow Air India to be brough into the new entity. ”It would be in the fitness of things that Tata Sons get back what they created and second Air India will have a future with the new entity in place,” he adds. According to Bhargava, government must now consider the option of giving away Air India to its the new owners under Tata Sons as creation of new airline will only make survival difficult for the existing airlines.
Read News In full 19/09/13 CNBC-TV18/moneycontrol.com