Air India was certainly like a blotting paper for our government, having consumed nearly Rs. 43,000 crores in hope of a turnaround, but without any signs of revival as yet.
Yes, announcing a 49% FDI in it was a welcome cheer for the international community, as our treasury could not continue bleeding indefinitely because of it.
But before doing so, was it not possible for our government to try giving full autonomy to its management and staff, for turning around our NationalCarrier? Had this attempt failed, we could have invited our private sector to bid for a majority stake in the airline, and only then could we have invited FDI.
Certainly, ridding the 'Maharaja' of political interference, allowing its current management of doing away with 'n' no of subsidized tickets and freebies, reworking its nonviable routes, and above all matching up to its private counterparts in terms of efficiency and services, could have also delivered the intended results.
And what could have been the real 'killer stroke' is making its staff category employees a partner, by making them eligible for part of its profits. Its so-called union would have become redundant, and they would have delivered more than their 100% to the make our 'Maharaja a Royal Entity' among our PSUs.
No comments:
Post a Comment