[ Hot ] Air
India ?
---------------------
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 :
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
www.hemenparekh.in
/ blogs
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