Is the Modi Government trying to quietly shut down Air India after declaring it "sick"? There were vehement denials from officials in the ministry of civil aviation as well as senior airline officials this morning, with all of them saying no such move was afoot.
Air India should have either been sold off or shut down long ago - it appears to be lurching from one financial crisis to another. Now is as good a time as any for the Government to take a bold decision and get this ailing airline off its hands.
In his Budget speech Finance Minister Arun Jaitley did mention divestment of Government stake in loss making PSUs. If not sell off, the least this Government can do is induct professionals to lead charge instead of again entrusting the airline to career bureaucrats.
The debate over Air India's financials resurfaced after the airline was included in a list of sick units by Heavy Industries and Public Enterprises Minister Anant Geete while replying to questions on Parliament yesterday. Geete said that Air India has joined the list of sick central public sector enterprises (CPSEs).
11/03/15 Sindhu Bhattacharya/First Post
Air India should have either been sold off or shut down long ago - it appears to be lurching from one financial crisis to another. Now is as good a time as any for the Government to take a bold decision and get this ailing airline off its hands.
In his Budget speech Finance Minister Arun Jaitley did mention divestment of Government stake in loss making PSUs. If not sell off, the least this Government can do is induct professionals to lead charge instead of again entrusting the airline to career bureaucrats.
The debate over Air India's financials resurfaced after the airline was included in a list of sick units by Heavy Industries and Public Enterprises Minister Anant Geete while replying to questions on Parliament yesterday. Geete said that Air India has joined the list of sick central public sector enterprises (CPSEs).
11/03/15 Sindhu Bhattacharya/First Post
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