Grounding the Maharaja: How UPA clipped Air India’s wings

It took five years of the Modi government for the Enforcement Directorate to summon former civil aviation minister Praful Patel for questioning “over an alleged aviation scam”.

While law will take its own course, this article jogs your memory with what happened then—Air India/Indian Airlines merger, acquisition of aircraft and bilateral traffic rights.

One, have you heard of a company that makes a financial commitment of about `67,000 crore for purchase of 111 (AI 68, IA 43) aircraft on an equity base of `586 crore (AI `153.84 crores, IA `432.13 crore) and carry-forward losses of `776 crore (Indian Airlines brought forward loss of `957 crore less Air India profit reserves `181 crore) as on March 31, 2006? Read more

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