|Sunil Jain: Does competition matter?|
|80% of Air India
Sunil Jain: Does competition matter?
80% of Air Indias 31,000 staffers account for just a third of its wagesMost of those who are focussed on the Rs 10,000-odd crore Air India bailout are naturally sceptical about whether it will work. Aviation Minister Praful Patel spends a lot of time talking of the 1,000 employees Air India has in its canteen and even a tailor who gets paid Rs 1.5 lakh a month ‘to repair the seats if they get torn’, but this is hardly the issue — to put it in perspective, 80 per cent of Air India’s 31,000 staffers account for just a third of its wages.