CAN PRIVATIZATION SAVE AIR INDIA?
CAN PRIVATIZATION SAVE AIR INDIA? Air India, the flag carrier of India, has been a symbol of national pride and a fixture in Indian aviation for decades. However, it has faced significant challenges, including financial instability, operational inefficiencies, and management issues. Amidst ongoing debates about its future, privatization has emerged as a potential solution. But can this approach truly turn Air India around? Let’s explore the prospects and pitfalls of privatizing this storied airline. The Current State of Air India Air India’s struggles are well-documented. The airline has grappled with: • Financial Losses: Years of mounting debt and operational losses have plagued Air India, contributing to its financial woes. • Operational Inefficiencies: Bureaucratic hurdles, outdated processes, and inefficiencies have hindered the airline's performance and customer satisfaction. • Competitive Disadvantages: Facing stiff competition from both domestic and international carriers, ...