gfiles magazine

November 9, 2018

An intriguing deal


FOR decades, Indian governments, in league with private aviation players, destroyed the operational and financial foundations of the state-owned Air India. The public sector entity, which was formed after the merger of Indian Airline and Air India, bled, and became a loss-making entity with a huge debt burden. As recently as October 2018, i.e. after the government decided to auction off Air India, another financial nail was driven in the airline’s coffin. 

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