Anil spot on. In all the dust of Lakhimpur incident, Air India went home. Another very significant measure is the split of OFB. Should be in place by 15th Oct. Exciting times.
The revenue of the aviation industry is driven mainly by growth in tourism, business travel and personal travel; all three had taken a hit due to the environment created by Covid infection fears. This was not only the right time to sell the carrier but it was in fact long overdue, when one analyses the mounting debt. This government actually gave up the age old habit of having free rides that the previous governments had been enjoying. The loss was partly offset by making it mandatory for all government employees entitled to airfare for LTA and other travel, to travel by the Maharaja at about 3 times the fare on other airlines. This was an eyewash, in order to facilitate the free of cost travel of our elected Maharajas. This is one of the reasons for this very delayed action. The message is now clear that free lunches for loss making PSUs are perhaps over. Best of luck to the Tata group to turn it around into a profitable enterprise. An important article Anil, that will send out the message, loud and clear. Excellent piece of writing.
As always an interesting and insightful article,.Anand Mahindras tweet says it all. The sale of the loss making carrier was long overdue,it is only our bold and visionary PM , along with his team, who has the capability to complete such difficult and complicated tasks.
The privatisation of the national carrier has sent a clear message to the markets and global investors that the centre has the political will to take the reform challenge and also expedite disinvestment efforts in banking sector..The sale of Air India will infuse fresh vigour to the ambitious plan of disinvestment and privatization of the loss making PSUs. The Air India deal is targeted to be closed by December end. The message by Ratan Tata is so relevant the picture of JR Tata getting down from the aircraft is the icing on the cake .
Anil spot on. In all the dust of Lakhimpur incident, Air India went home. Another very significant measure is the split of OFB. Should be in place by 15th Oct. Exciting times.
The revenue of the aviation industry is driven mainly by growth in tourism, business travel and personal travel; all three had taken a hit due to the environment created by Covid infection fears. This was not only the right time to sell the carrier but it was in fact long overdue, when one analyses the mounting debt. This government actually gave up the age old habit of having free rides that the previous governments had been enjoying. The loss was partly offset by making it mandatory for all government employees entitled to airfare for LTA and other travel, to travel by the Maharaja at about 3 times the fare on other airlines. This was an eyewash, in order to facilitate the free of cost travel of our elected Maharajas. This is one of the reasons for this very delayed action. The message is now clear that free lunches for loss making PSUs are perhaps over. Best of luck to the Tata group to turn it around into a profitable enterprise. An important article Anil, that will send out the message, loud and clear. Excellent piece of writing.
Dear Anil,
As always an interesting and insightful article,.Anand Mahindras tweet says it all. The sale of the loss making carrier was long overdue,it is only our bold and visionary PM , along with his team, who has the capability to complete such difficult and complicated tasks.
The privatisation of the national carrier has sent a clear message to the markets and global investors that the centre has the political will to take the reform challenge and also expedite disinvestment efforts in banking sector..The sale of Air India will infuse fresh vigour to the ambitious plan of disinvestment and privatization of the loss making PSUs. The Air India deal is targeted to be closed by December end. The message by Ratan Tata is so relevant the picture of JR Tata getting down from the aircraft is the icing on the cake .
As always very well researched and written my friend, this is a great step for the private sector. Changing India👏👏 🇮🇳