New Delhi: Even before assuming office, PM-elect Narendra Modi seems to have achieved the impossible for critically ill Air India — getting its pilots' union to back privatization of the airline. The Indian Commercial Pilots' Association (ICPA, union of pilots of erstwhile Indian Airlines) has written to Modi, saying it is "not averse to part or complete privatization of the airline if done fairly".
It, however, urged Modi to examine how previous governments had brought AI to its current state. "Every employee is waiting for AI to be pulled out of ventilator and (ending of) government interference as it has been plagued by bad political decisions in the last decade," ICPA general secretary Rishabh Kapur says in the letter.
The collective debt of the Air India-Indian Airlines combine was around Rs 47,200 crore on December 31, 2013. AI has already used up almost half of the Rs 30,000-crore equity infusion promised till 2020, without any real turnaround.
Read news in full 26/05/14 Saurabh Sinha/Times of India
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