Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Friday 1 June 2018

BACK TO SQUARE ONE ?


[  Hot  ]  Air  India  ?

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By 5 pm yesterday, not a single party had submitted its EoI  ( Expression of Interest ) , to buy out Air India


NEWS PAPER HEADLINES :

Times of India    /     “ No takers for Air India as deadline expires

Economic Times    /     Govt fails to get any bids for majority stake buy in Air India

DNA     /     It’s back to Rs 10 cr daily loss at AI




PAST COMMENTS  :

*   Ashok Gaja pathy Raju ( Civil Aviation Minister )   /   28 Jan 2018

“When our exercise of calculating Air India’s debt began, we found that the sum was hovering around the Rs 50,000 crore mark. But I won’t be surprised if the total debt reaches Rs 70,000 crore. Since people are looking at the books carefully, they may find more,” 

According to me, Air India is a debt trap. I said as much in Parliament as well “



In June 2017 , Shri Raju said :

“ There are hardly any bakras around, so to get one is difficult and businessmen are businessmen “


*  Civil aviation secretary R.N. Choubey
To Mint in Jan 2018 , ……..A foreign firm has sent “unsolicited” letter of interest for Air India.

On May 10, ……….“  There is a great deal of interest for Air India “




CURRENT  COMMENTS  :

* Shri R N Choubey  ( yesterday )

“ It ( no response ) did not meet expectations of participation that we had . Inputs will be taken on what went wrong , and the plan is to reach the alternate mechanism ( AI GoM ) for solutions within a couple of weeks “


*  Aviation Ministry tweet

“ Further course of action will be decided appropriately “


*  Shri Suresh Prabhu / Shri Jayant Sinha

  No comments




MY  SUGGESTION :


Remains , more or less , the same as per my following email to the Cabinet Ministers :

Finding a Bakra ? Possible ?  [  04  June  2017  ]

Air India : A Pride ?  [  09  Jan  2018 ]

https://myblogepage.blogspot.com/2018/01/air-india-pride.html

 

 



And as far as getting rid of those 20,000 + employees is concerned , I suggest that the Govt announce a VRS scheme , which is normally , “ One month’s salary for each completed year of service “

I believe , Air India’s annual salary-wages bill is approx. Rs 2,840 crore

So , may be , at a burden of Rs 5,680 crore , govt could ( on an average ) , pay a VRS sum of 24 months’ salary to each member of staff

Of course , I don’t expect anyone in NDA to seriously consider my suggestion since it would be “ politically incorrect “ , what with recent debacle in State Assembly polls and the looming 2019 elections

It would be much easier to convince the 840 million voters to keep forking out Rs 10 crore per day of tax payer money till 2019 elections

Will ED – CBI – IT – SFIO etc, ever get around to unearth “ which politician made how many thousand crore “ by purchasing / selling / leasing back , hundreds of Air crafts which Air India , just did not NEED  ?

If they do , expect that life-threatening “ MahaGathBandhan “ to lose a lot of steam !

June  2018







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