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Letters to BS: 'Painful rerun' in panel suggestions on Air India stake sale

One big reason why AI might never get fully privatised without any precondition is the perks enjoyed by politicians, bureaucrats, senior employees from Air India

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Letters To Bs

Business Standard 



With reference to your article, “Don’t privatise Air India, give it 5 years to revive: Parliamentary panel” (January 8); it is interesting to note the recommendation made by the Parliamentary Committee. This indeed sums up the irony of the Public Sector Undertaking situation — decisions are taken or influenced by people who neither have technical nor business experience. Neither are they exposed financially to the risk-return of the decision; all that they are, is have somebody who could get them enough votes to win elections. One big reason why Air India might never get fully privatised without any precondition is the perks enjoyed by politicians, bureaucrats, senior employees from the Air India. AI’s history is full of failed revival attempts. Good CEOs have been tried.

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First Published: Mon, January 08 2018. 23:46 IST

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