Letters: Air India's future

Raju seems to be in a Catch-22 situation over the issue of Air India's privatisation

Image
Kumar Gupt Panchkula
Last Updated : Feb 22 2017 | 10:56 PM IST
With reference to the editorial, “What alone will fly” (February 22), it is strange that Civil Aviation Minister Ashok Gajapathi Raju is unsure about what would be the most desirable future for Air India. 

Raju seems to be in a Catch-22 situation over the issue of Air India’s privatisation. Ironically, he seems to want to have the cake and eat it too, when he states that the Centre wanted Air India to “survive” but also argues that “taxpayers’ money could not sustain the airline forever”.

The editorial is justified in observing that Air India’s survival must be decided on the basis of passengers’ choice and market principle, failing which it will have the dubious distinction of being a white elephant that thrives at a huge cost to the Consolidated Fund of India.

The other report in this paper, “Air India to raise $250 million by putting two Dreamliners on sale” (February 22), reveals that Air India would also lease back these two Boeing 787-800s under an operating lease for a period of up to 12 years with a three-year extension option. These aircraft were delivered to Air India between November last year and January this year. Does all this not speak volumes about its inside story?
  

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story